Not exact matches
A new report from BIS Shrapnel has forecast a surge in mining production over the next four years as the mining industry's focus shifts away from the
investment and construction
phase of the
boom.
Given the significant expansions in capacity in the resource sector over recent years, and the lag between
investment and the corresponding output, the production
phase of the resource
boom is expected to gather momentum over the next couple of years.
So it is important to consider how the broader economy might evolve as the resource sector transitions from the
investment phase to the production
phase of the
boom.
Managements that sacrifice asset quality for growth are not good long run
investments, they may occasionally be interesting speculations at the beginning of a new
boom phase.
During the
boom phase, any
investment grade rating can work; in the bust
phase only the best market practices maintain a credit rating.