The Mineral Exploration industry sets the scene for the future development, production and export of mineral resources. Mineral exploration results in discoveries of the ore bodies that are subsequently exploited.
The industry is expected to spend about $3.8 billion on exploration in 2012-13, compared with $2.93 billion in 2007-08. Much higher mineral commodity prices over this period (despite falls in 2008-09 and 2012-13) underpinned growth in exploration spending amounting to an annualised 5.4% over the five years through 2012-13.Firms in this industry explore for minerals (except for crude petroleum or natural gas) on their own account. Essentially, the report covers the in-house exploration activities of mining companies. The industry does not include firms undertaking exploration on a fee or contract basis for other companies or firms providing exploration services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.