After commodity price declines, increasing production costs and declining ore grades negatively impacted investment in the mining sector, a turnaround is starting to be seen with a total global initial establishment capex of $1,185.7bn across 2,472 projects either currently in development or predicted to commence development in the next 9 years.

According to GlobalData’s Mining Intelligence Center, projects currently under construction represent a total capex spending of $197bn, or 17% of this total, with the remainder made up by those currently in feasibility and prefeasibility stages. In terms of investment value, Oceania accounts for the largest share of 22.8% followed by North America (22.3%), South and Central America (16.9%), Middle East & Africa (14.3%), Asia Pacific (13.8%) and others (9.9%). However, in terms of project count, Asia Pacific accounted for the largest share at 20%, followed by North America and Oceania (19%) each, Middle East and Africa (17%), South and Central America (14%) and Former Soviet Union & Europe remaining (11%).

Commodities with the greatest spending planned or in progress are coal (19.4%), iron ore (17.2%), gold (5.9%) and potash (3.8%), where there are collectively 183 projects under construction, 663 at the feasibility stage and 246 at the prefeasibility stage.

The largest projects include BHP’s $22bn Olympic Dam Expansion project, Adani’s $16.5bn Carmichael Coal Mine in Queensland, Australia, and Sprott Resource Holdings/ WISCO International’s $14.1bn Lac Otelnuk iron ore project in Canada.

Regional potential initial establishment capex, 2018-2025

Source: GlobalData, Mining Intelligence Center                                                                                                                    © GlobalData

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.