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Worldwide nonferrous exploration budgets drop by $5.5 billion in 2009

International Mining | November 27, 2009 | 1:40 am

After rising for six straight years to a 19-year record high of $13.2 billion in 2008, estimated planned nonferrous exploration spending for 2009 plummeted 42% to $7.7 billion. According to Metals Economics Group’s (MEG) 20th edition of Corporate Exploration Strategies...