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VIEWPOINT
Global rig count shows exploration pressures
IMDEX has published details of a survey it has undertaken that provides a snapshot of mineral exploration drill rig use in major mining regions globally. It shows that Australia, the US and parts of South America are nearing capacity, as the surge in exploration continues unabated.
IMDEX is reporting that rig utilisation in Australia was “nearing capacity” at 79 per cent, and 72 per cent in North America
In a market update ahead of a presentation to the Macquarie Emerging Leaders Conference, IMDEX said rig utilisation in Australia was "nearing capacity" at 79 per cent, and 72 per cent in North America....
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