North of 60 Mining News - The mining newspaper for Alaska and Canada's North

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By Curt Freeman
For Mining News 

Rough days may be ahead for mining

Experts: Raising venture capital will be industry's biggest challenge in 2009, while juniors lacking cash on hand will fade away

 

Last updated 4/26/2009 at Noon



Last month we talked about economic impacts of the Alaska mining industry. This month, the world mineral exploration industry is in our crosshairs.

Halifax-based Metals Economics Group reported that 2008 worldwide nonferrous mineral exploration reached $13.2 billion, more than 2.5 times the previous peak exploration spending level reached in 1997. Add uranium exploration expenditures, and the...



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