According to The Australian Financial Review, exploration spending in the resources sector in the last three months of 2023 was the best December quarter in 10 years, as prospecting for clean energy metals remained robust despite market jitters over lower EV demand from China.
The December-quarter figures, compiled by advisory firm BDO and spanning companies purely in the exploration phase not yet earning revenue, show the strongest December quarter since 2013, revealing a high appetite for risk in the market. The 23 per cent increase in companies spending between $100,000 and $300,000 on exploration compared with the previous quarter reflected encouraging signs for the mining sector, said Sherif Andrawes, BDO’s global natural resources boss. https://www.afr.com/companies/mining/mine-prospecting-booms-among-cashed-up-explorers-20240326-p5ffa3
0 Comments
Leave a Reply. |
Subscribe to our English Newsletter
AuthorHarry Kinase Archives
October 2024
Categories
All
|
Getting Around
Home | About us | Our Services | Column | Blog | Contact | Website term of use
Subscribe to our English Newsletter
|
日本語ニュースレター配信登録
© Japan Australia Business Creators Pty Ltd | All Rights Reserved. Website designed and developed by Japan Australia Business Creators Pty Ltd.