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Exploration spend searching for new high

GLOBAL exploration spend is expected to hit record levels over the next couple of years with estimates for 2005 of $US5.1 billion being just shy of the all-time high of $US5.2 billion recorded in 1997 during the last resources boom.

Michael Quinn

The $US5.1 billion expected in 2005 is some 38% above the exploration spend in 2004, and Deutsche Bank expects 2006 growth to be “just as strong” with potential upside into 2007. “This is indicative...

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