This is again very broad based across a range of resources, but the core part centres on the large expansion in the iron ore, coal and gas industries. It has been, to a large degree, driven by demand for resources by emerging economies, with China being the most significant.
BIS Review 20/2010  5  Judged by the pattern in mining investment and commodity prices, the start of this boom can be dated from around 2005. By 2007 and early 2008, it was severely testing the productive capacity and flexibility of the economy.