EXPLORATION & DEVELOPMENT

Drilling down

DRILLERS, the frontline troops in any exploration program, are experiencing one of the worst slumps in demand in recent history, with long-term implications for miners. Nearly half Australia’s 1500 drilling rigs are thought to be idle, imposing formidable financial stress on contractors, particularly the smaller ones. <b>By John McIlwraith</b>

MiningNews.Net
Drilling down

The slump in exploration for most minerals shows little sign of ending, with commodity prices still depressed and uncertainties about major economies. In an industry with a high level of fixed costs,...

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