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World’s 40 biggest miners’ output still short of demand, says PwC

Posted on 14 June 2012

The world’s 40 biggest miners invested USD98 billion in capital projects in 2011, some USD22 billion short of announced spending for the year, according to figures in a new report from auditor PwC – Mine: The growing disconnect.
“With capital expenditure forecasts for 2012 likely to be missed due to shareholder resistance, and the challenges inherent in bringing increasingly large, remote and complex projects to completion on time and on budget, supply will likely continue to fail to keep up with demand in the near term,” according to Ken Su PwC China mining leader………………………………………..Full Article: Source


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