STUDY: Canadian exploration spending rises 31%, PwC

TORONTO – PwC has released its Mine 2018 report looking at the top 40 miners (by market capitalization) from around the globe. The study says that the recent upswing in the mining cycle, encouraged Canadian-based companies to boost their exploration spending to $620 million in 2017, up 31% from $473 million in 2016. The five largest companies are (starting with No.1) are BHP Billiton, Rio Tinto, Glencore, China Shenhua Energy, and Vale. Canadians on the list include PotashCorp., Barrick, Teck, Goldcorp, Agnico Eagle,  and First Quantum. PwC further noted that the Canadian companies are among the leaders in digital innovation, thanks to strategic partnerships. The report also shows that Canadian companies are ahead of their global counterparts in their leadership diversity efforts – women now hold 25% of the seats on the boards of Canadian miners. Among their global peers, that number is 19%. These and many other insights are to be found in the Mine 2018 report. Download it for free by clicking here.