PMEA Blog

INVESTMENTS in the capital-intensive mining industry could surge this year to $1.428 billion, up from 2009’s below-target result, on the back of increased demand that has led to an uptick in metal prices.

The forecast, by the Mines and Geosciences Bureau (MGB), is expected to help allow the country to achieve a 2013 target of $13.496 billion in investments since a 2004 Supreme Court ruling allowing foreign ownership of local ventures.

Read more..