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Major anticipates significant Base metals exploration drilling slowdown in 2009

Posted on 11 December 2008

From Mineweb.com: Major Drilling Group International, the world’s No. 2 mine drilling company, expects a “significant” slowdown in base metals exploration next year and is uncertain about future activity in the gold-mining sector, the company said on Tuesday.

On a conference call to discuss the company’s second-quarter earnings, Chief Executive Francis McGuire said the current economic climate has weighed on drilling activity and will continue to do so in the short to medium term….. Full Article: Source


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