Exploration budgets down 25 percent; Study reveals drop off in nonferrous metals exploration budgets

摘要

THE ESTIMATED worldwide budget for nonferrous metals exploration dropped by 25 percent in 2014, according to data compiled for the forthcoming 25th edition of SNL Metals & Mining's "Corporate Exploration Strategies" study. The estimated worldwide total budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from $15.19 billion in 2013. SNL Metals & Mining's 2014 exploration data and analysis are based on information collected from almost 3,500 mining and exploration companies worldwide, of which almost 2,000 had exploration budgets for 2014.