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Mining giants starting up exploring again, preparing for upturn

Rio Tinto intends to spend up to US$200 million on exploration this year, focusing on the OECD, predominately the Americas, and predominately for copper.


AFTER years of cutting budgets and squeezing existing mines, global mining giants are again scouting for new deposits: industry analysts say 2017 will see the first increase in spending on exploration in five years.

Exploration spending came under pressure when commodity...

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