Top miners to spend $244b in the next two years
Cecilia Jamasmie | September 4, 2013
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Top miners to spend $244billion in the next two years
The world’s largest mining companies are planning to spend over $244 billion on expansions to 2015, reports Bloomberg Television’s “The Pulse.”
Despite Glencore Xstrata’s (LON:GLEN) CEO Ivan Glasenberg’s recent call for austerity in the industry to end an oversupply in mineral markets, top miners are reportedly set to spend just 2.4% less than in the previous three years.
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