Exploration: Shifting from High Times to Low Expectations

Engineering and Mining Journal | January 1, 2009| | Copyright

2008 marked an all-time high for exploration spending, but the industry's string of record-breaking years looks ready to snap in 2009

For the mining industry-with apologies to poet T.S. Eliot-2008 ended not with a bang, but with a shudder.

During the last quarter of the year, global mining encountered a major speed bump in the form of an abrupt international economic slump that left producers and industry vendors nervously peering ahead to see if the next obstacle could possibly be a brick wall, or worse, a cliff. The go-go, feelgood atmosphere that permeated corporate hallways and trade-show ...

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