Miners get back on the spending cycle

Rising capital expenditure by mining companies also points to better times for service providers.

First signs of a sea change in the capital expenditure (capex) plans of the mining industry have been detected, and that’s good news for companies which sell services and equipment to the miners.

The capex drought was always going to break for the simple reason that mining is a depleting industry that must explore, discover and develop – or die.

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