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Contracting tide may be turning

If low commodity prices and new mine investment levels have made life almost unbearable for the contract mining and drilling sector and investors in the listed equity space over the past 3-4 years, record low interest rates have been a saviour for many big global names.

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The exploration and mining investment tide is turning – foreshadowed last year by rising capital inflows and much higher project study rates – but investors in contract miners and drillers remain