[Infographic]:
World Mining Exploration Trends

Unlock essential intelligence on how global mining companies allocated their exploration budgets in 2017.


Global spending on the search for nonferrous metals rose to an estimated US$8.4 billion in 2017, compared with US$7.3 billion in 2016. This was the first annual increase in exploration spending after four consecutive years of declining investment in the search for nonferrous metals.


  • According to data collected for S&P Global Market Intelligence’s Corporate Exploration Strategies series, gold followed by copper, had the highest allocations of exploration budgets in 2017.
  • Despite an increase in global exploration budgets, grassroots share was at record low in 2017.
  • S&P Global Market Intelligence expects the global exploration budget for 2018 to increase by a further 15% to 20% year over year.
For an overview of world mining exploration budget trends, download the complimentary infographic.

World Mining Exploration trends infographic

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