Mining exploration spending in Australia hits decade-low

LessThunk: To make money in commodities, one has to start buying near the bottom, when nobody else dares to touch it. Dare to be a contrarian.

Mining exploration spending in Australia hits decade-lowMining exploration
spending in Australia hits decade-lowAustralia’s spending on mining
exploration has hit a near-decade low of A$381 million in the three months
to March, in a dramatic fall led mainly by the iron ore and coal sectors.



Investment in iron ore exploration dropped by $63 million or 43.4$. The
sector is down 76% since 2012. Spending on coal was down more than $34
million or 44% in the first quarter of the year, becoming the
second-largest decrease by commodity.


Categorised as: Investing

Posted by: Kramer

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