It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
The Department of Defense uses nearly one million tons of minerals every year in the design and manufacture of military gear, weaponry, transportation vehicles and intelligence technology.
It is an open secret that the global electric power industry of which the coal industry forms a part is experiencing a system-wide reduction in both volumes and prices of energy resources.