Mining capital expenditures in Central Asia increase 66%
10.07.2012, 18:17
According to research by IntierraRMG, between 2009 and 2011 annual mining capital expenditures in Central Asia increased 66% from US$1.5 billion to US$2.5 billion a year.
Property transaction value also increased from approximately US$25 million to US$100 million a year; however in the same period the number of individual transactions involved decreased by half.
Over the same timeframe, mining capital expenditures across the ASEAN countries maintained steady levels of $700 million a year; primarily in gold, coal and nickel production. Significantly, ASEAN mining property transactions rose from 40 deals per annum in 2002, up to 150 deals per annum in 2011.
IntierraRMG Director of Mapping and Tenements, Peter Godwin, will offer insights into this data when he presents “Growth, Funding and Opportunities in Asia” during the Asian Mining and Energy Investment Forum, Kuala Lumpur on Thursday 12th July at 12.45pm.
Held across 12th and 13th July at the Hilton KL Sentral, Malaysia, the conference will bring together leading sector players with an audience of industry experts and act as a barometer for macroeconomic trends for the mining and energy sector within the Asian region.
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