EY's annual British Columbia Mineral and Coal Exploration Survey found Canada’s exploration expenditure remained third in global rankings behind South America and Australia.
Resource nationalism surge spells rough times for miners; Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal; Copper price crashes through $4.00, down 7%.
Urgent policy reforms to remove regulatory impediments, create more flexible workplaces and introduce internationally competitive tax rates are essential, says Minerals Council of Australia.
Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.