E&MJ Project Survey 2016

By: MINING MEDIA INTERNATIONAL Views: 1551Downloads: 29
Author: Joseph F. GovreauWhitepaper/Case Study

After a period of intense mining project development, driven by increased emerging market consumption of building-block commodities such as coal, copper, and iron ore, the mining industry now finds itself in a period of cost cutting and capital preservation. Between 2005 and 2015, mining firms worldwide constructed and started up more than 1,230 greenfield mines representing total investment value of $265 billion. The mining boom, which included greenfield mine construction and expansions of existing mines, really peaked in 2012, but significant spending for major mining projects continued in 2013 and 2014, albeit at a lesser rate, as large projects that had started in earlier years reached peak construction.

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