The global mining sector is on the cusp of a turnaround with Asia Pacific (APAC) leading from the front in terms of number of projects and CAPEX value over the next two years, says leading data and analytics company GlobalData.
APAC is forecast to account for the largest share of the total project count at 38%, followed by the Middle East and Africa (15%), Former Soviet Union (14%) and North America (10%). In terms of investment value, spend in APAC is proportionately lower at 23% of the total, followed by the Middle East and Africa (20%), Oceania (18%) and North America (15%). Commodities with the greatest spending planned or in progress are coal (24%), gold (19%), copper (18%) and iron ore (9%), which collectively have 240 projects under construction and 80 at the feasibility stage.
KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in Ethiopia &and Saudi Arabia