Global mining outlook 2013

Global mining industry has entered a new cycle with the world economy,the industrial division of labor re-shuffled.The global exploration spending has been growing since 2001,and giant discoveries have been made in known metallogenic belt and old mine.Rapid growth of capital cost delayed the construction of large-scale mines.Consumption growth of bulk mineral commodities will spur the price to rise.Mining companies have difficulties in financing,and must optimize operations to improve efficiency.Resource nationalism is still the top risk for the global mining and the social license become another.The economy of major mineral resources-rich countries is expected to rise thanks to the development of world-class mineral deposits.