Unearthing the Paradox: The Mining Industry Amidst Prosperity and Insolvency in Australia

Declan Lane of Cathro & Partners looks at the puzzling situation of financial instability in Australia’s mining sector, despite record highs in mineral prices and employment and argues that the constant dance between capital raising, cash exhaustion, and further capital solicitation highlights a critical misalignment between initial financial forecasts and the eventual realities of operationalising mining projects.