Global exploration recovery falters

AFTER several years of increased exploration expenditure, new data from S&P Global Market Intelligence suggests global spend might drop this year for the first time since 2016.

Global exploration recovery falters Global exploration recovery falters Global exploration recovery falters Global exploration recovery falters Global exploration recovery falters

At $66 million, Independence Group has one of Australia's larger exploration budgets

In March, S&P said global nonferrous exploration budgets jumped by 19% to US$10.1 billion in 2018 and were expected to rise by another 5-10% this year.