EY's annual British Columbia Mineral and Coal Exploration Survey found Canada’s exploration expenditure remained third in global rankings behind South America and Australia.
Resource nationalism surge spells rough times for miners; Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal; Copper price crashes through $4.00, down 7%.
Urgent policy reforms to remove regulatory impediments, create more flexible workplaces and introduce internationally competitive tax rates are essential, says Minerals Council of Australia.