Metals Economics Group’s World Exploration Trends report

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