Australian investors appear to be shunning their domestic mining industry, leaving the sector hoping that Asian firms – particularly private ones – will fill the gap.
The country consumes relatively little gold per capita compared to other nations, yet it could exhaust its domestic supply within six years, says the World Gold Council.
Vietnam-based investment firm Dragon Capital assures its investors that the Nui Phao tungsten mining operation has not yet had its licence revoked, contrary to press reports.