Looming reserve crisis requires doubling of exploration effort

The global mining industry is facing something of an existential crisis in the next decade if it doesn't find a way to replace a very large chunk of today's known mineral reserves, McKinsey's Karilyn Farmer says.

Looming reserve crisis requires doubling of exploration effort Looming reserve crisis requires doubling of exploration effort Looming reserve crisis requires doubling of exploration effort Looming reserve crisis requires doubling of exploration effort Looming reserve crisis requires doubling of exploration effort

Time for miners to go back to geology basics, says McKinsey & Company

"We need to double the exploration effort if we are to avert the looming reserve crisis," she said during the PDAC convention in Toronto.