MJ PDAC 2009 Exploration Supplement: 18 Feb 2009
Searching for solutions in uncertain times... Mining Journal looks at exploration in the light of the forthcoming PDAC 2009 Convention
Times have changed
Exploration during 2008 reached unprecedented levels, with more companies spending more money than ever in the search for minerals.Effects of the financial crisis on Canada’s mining industry
The mining industry is vital to Canada’s competitiveness and prosperity.Exploration record
Worldwide nonferrous exploration budgets rose steadily through the early 1990s to crest at US$5.2 billion in 1997 (see figure 1), before falling for five straight years to a 12-year low of US$1.9 billion in 2002. Since then, the total exploration budget (excluding uranium), as estimated by the Metals Economics Group (MEG), rose for six straight years to reach the highest total since MEG’s annual series of reports (Corporate Exploration Strategies; CES) commenced in 1989.
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