21.01.2014 - Mining companies cutting $10 bln heralds boom: Commodities
Mining companies are extending massive cuts in exploration budgets for a second year, setting up the next price boom as China continues its relentless pursuit of metals and energy. Exploration spending plunged by 30 percent or $10 billion last year, squeezing budgets to search for minerals and sustain supplies, according to MinEx Consulting Pty, whose clients include BHP Billiton Ltd., the world’s biggest miner...............................................Full Article: Source
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