North American Metals & Minerals Industry Plans $104 Billion in Construction Starts for 2013
Posted on December 20, 2012 at 03:32 AM EST
SUGAR LAND--December 20, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)-- Mining companies continue to slash capital spending for 2013, especially in the U.S. coal sector, which has lost significant market share among power generators. Low natural gas prices and a warmer-than-normal winter season have combined to reduce U.S. coal consumption in 2012. As a result, many mining companies have announced significant production and capital expenditure scalebacks for 2013. Other companies featured: Peabody Energy Corporation (NYSE:BTU) , BHP Billiton (NYSE:BHP) , Rio Tinto plc (NYSE:RIO)