Canada
According to data collected for S&P Global Market Intelligence’s Corporate Exploration Strategies series, the US$1.1 billion nonferrous exploration budget allocated to Canada for 2017 was a 12% increase over 2016, slightly less than the global average increase of 14%.
Africa
Copper projects accounted for the largest amount of planned and completed capital spending for the past two years in Africa, mainly comprising announced investments for assets in the Democratic Republic of the Congo.
Australia
Meanwhile Australia's exploration budget jumped by 20% year-on-year in 2017, a higher percentage increase compared with 14% global increment in exploration budgets.
Latin America
Copper (estimated revenue over US$53 billion), iron ore (estimate revenue over US$32 billion) and gold (estimated revenue over US$19 billion) generate the highest commodity revenue for the Latin American mining industry.
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