The complex mining framework and the number of different authorities regulating the industry has investment in the sector shrinking. CAMIMEX reports a 19 percent investment drop since 2016.
Endeavour Silver, Coeur Mining and Hecla Mining report rising grade in Mexican properties, mainly thanks to an increase in exploration budgets.
An ode to the coal miner and the industry’s tough reality.
Mining funds shrinking as investors are reluctant to pour in fresh funds after being burned in last downcycle, shows Thomson Reuters data.
It is paramount to keep investing in innovation. CEO of Anglo-American emphasizes that without it, the mining industry is doomed.
In Pretoria, the petition against the Mining Charter was postponed indefinitely. Seven mining communities and the Chamber of Mines joined together to demand a new draft for the Charter that will better serve their interests and protect their rights.
EY expects mining and metals transactions to increase in 2018. Despite companies adopting investment-led strategies, a transformational consolidation across the sector is unlikely.