PUBLICATION
Oil and Gas Investor
Asia Pasific Oil and Gas 2004 OGI Release - Part 2
November 05, 2005
Frequently sidelined in the global resourcing debate by its giant Asian neighbors, it is difficult to say that for Europeans and North Americans, the most remote major part of the Asia-Pacific region is in fashion. Yet the area is to some extent an untapped resource. Together, the people of Australia and Indonesia total almost 260 million— roughly double the size of the population of Japan and just 30 million short of the U.S. total. Their combined purchasing power is around $850 billion, which is roughly $200 billion more than India.
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"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."
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