Metals Economics Group’s World Exploration Trends report

Reports

Publishing Date: 11 Mar 2010 11:05am GMT
Author: Mining Journal

In a survey of 1,846 companies, MEG identified a nonferrous exploration budget of US$7.32 billion in 2009. This contrasts with the record US$12.6 billion in 2008, and marks the largest one-year decline in 20 years.

MEG estimates that the budgets included in the study (using a US$100,000 cut-off) accounted for more than 95% of worldwide commercially-oriented nonferrous expenditure. Including the remaining 5%, planned expenditure for commercial nonferrous-metals exploration probably reached US$7.7 billion last year.

See www.metalseconomics.com/pdf/WET 2010 (English).pdf

The Mining Journal website this week includes a summary of miners that feature in Forbes Rich List, and an eight-page summary of Metals Economics Group’s latest World Exploration Trends report.

Link to Forbes Rich List article is here.