6 Oct 2012
'Quality Matters'
The second report in the ANZ insight series, ‘Quality Matters: A Progress Report on Australia’s Natural Resources Export Opportunity’ was released on 6 October 2012. The report provides an update on Australia’s progress in capturing the commodity opportunity created by a developing Asia. It follows the release in 2011 of the first ANZ insight report, ‘Earth, Fire, Wind and Water: Economic Opportunities and the Australian Commodities Cycle.’
The 2011 report set out four potential growth scenarios (a Base Case, Do Nothing Case, Low Case and High Case) for the commodity boom. The Base Case estimated that if Australia expanded capacity rapidly enough, commodity exports could reach A$480 billion in real terms by 2030, creating 750,000 jobs.
‘Quality Matters’ concludes that while the long-term opportunity for the resources sector remains, a focus on project quality can help ensure Australia’s higher potential projects receive the necessary focus to maximise their chances of success in the current environment.
The report was prepared by ANZ in association with Port Jackson Partners.
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.