Australia is poised to witness a wind fall of up to $132.9 billion as of the month of October, which mainly would come in the form of capital expenditures for lined up projects in the energy and minerals industry.

According to the latest commodities forecast from the Australian Bureau of Agricultural and Resource Economics-Bureau of Rural Sciences (ABARE-BRS), the record investment figures were reflective of a 21 percent jump from numbers posted in April this year.

Deputy executive director Paul Morris of ABARE-BRS said on Thursday that the spikes in capital expenditures proposed for Australia in 2010 were pointing to "expectations of growing demand for mineral and energy commodities in the medium and long term."

Of all the investments already in the pipeline for the country, ABARE said that a total of 72 projects have been pushed into advanced stages, with most either undergoing construction or were formally committed.

Mr Morris said that 26 of the projects were geared towards the energy sector while 25 projects were focused on the mineral industry, with additional 15 investment proposals covered by infrastructure development projects such as rail and port constructions and laying down of gas pipelines.

The remaining six investment plans were all being undertaken to establish additional mineral processing facilities across the mining regions of Australia.

Bulk of the planned investment jumps, according to Mr Morris, were mainly brought about by recent initiatives in the emerging liquefied natural gas (LNG) industry, most notably the LNG development project of British Gas Group in Queensland's Curtis Island.

Mr Morris added that Rio Tinto's decision to expand its iron ore export capacity by 60 million tonnes in the Pilbara region of Western Australia also contributed much to the rising investment gains of Australia.

ABARE said that two of the country's mining states emerged as the leading contributor of mining and energy capital expenditures, with Western Australia delivering a whopping 70 percent of the CAPEX investment pie while Queensland came out as a distant second with its share of 21 percent capital infusions.