I was invited recently attend the Australia-Israel Chamber of Commerce’s panel discussion on ACE’s behalf. The title of the discussion was “Serving the Resources Industry Beyond the Boom,” and a few important issues arose that might be of interest to the ACE community:
1) In spite of the mining sector’s recent softness, the long-term future still looks relatively bright for Australia’s resource sector. The recent decline in the market—and the several thousand job cuts that have come with this—are a supply-side pause in a growth trajectory that was as frenetic as it was unsustainable. In spite of this short-term pain, however, there’s no scenario in which the resource sector fails to be a vital part of Queensland’s economy in the future.
So here’s the part that’s most relevant to an entrepreneurship-focused audience. Read more