In my talk today I have highlighted two noteworthy aspects of this: Firstly, unlike most other parts of the economy, the investment by resources companies has been almost entirely self-funded from internal cash flows. Very little of it has been funded through the banking sector.
Secondly, because a large share of the resource sector is foreign owned, this internal funding has been reflected in large capital inflows into Australia in the form of foreign direct investment. This has had an impact on both the capital and current account sides of Australia’s balance of payments. BIS central bankers’ speeches  7