LessThunk.com

DAILY COMMENTARY

 

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.

http://www.mining.com/mining-exploration-spending-in-australia-hits-decade-low/


Categorised as: Investing

Posted by: Kramer

Comments are disabled on this post


Comments are closed.



Disclaimers – All content here is NOT presented as investment advice; LessThunk is NOT endorsing any website or specific investment by displaying external links.

We may or may-not (coincidentally) hold some quantity of stock or other investment related to any given post, no endorsement is implied in any sense.

css.php