BHP hikes exploration spending to focus mostly on copper, oil
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
Alberta’s oil sands have grabbed the attention of the world’s energy industry in recent years, but other Canadian region is challenging that privileged position.
The rise of mining costs will have a more dramatic impact on the 2013 industry results than in the last couple of years, revealed Thursday global ranking agency Fitch Ratings.