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The Pacific Alliance, composed of Mexico, Colombia, Chile and Peru, captured 73% of the total investment in mineral exploration in Latin America (LA) in 2017, according to data from the Chamber of Mines of Mexico.
Of the total regional investments in this area, Chile received 25%, followed by Peru (22%), Mexico (21%) and Colombia (5%). Mexico has registered 477 million dollars of investments. In contrast, Chile and Peru received $ 636 and $ 556.5 million, respectively. Worldwide, Mexico has remained unchanged from 2016, placing it sixth as a destination to attract investment.
The overall budget for non-ferrous mineral research experienced the first increase in 2017 after four consecutive years of recording the falls, adding 8,400 million, compared to 7,300 million in 2016. The figure is far from the historical 21,500 million dollars in 2012, when the industry knew the commodity price boom.
Data form part of the twenty-eighth report of Corporate Exploration Strategies, conducted by S & P Global Market Intelligence, based on a survey of more than 3,000 companies, of which 1,535 recorded an overall budget of 7 , $ 95 billion in 2017, compared to $ 6.950 million allocated in 2016. For the survey, a budget estimate has been added for companies that do not send on its information with annual expenditures of less than $ 100,000.
In 2017, the top three destinations for global investment in exploration were Canada, Australia and the United States, with allowances totaling $ 5.55 billion. The top 10 countries accounted for 70% of the overall budget. The resource was allocated to 118 countries in 2017, while in 2016 it was allocated to 119.
Canada ranked first for the sixteenth consecutive year with 13.8% of the overall budget. However, its advantage over second place, Australia, with a 13.6% stake, has declined year after year. Gold was once again the main target with an increase of 24% over the year, bringing the metal share in the Australian budget to 69% vs. 50% in 2016.
Budgets for l & # 39; Gold exploration and copper (27% of the total) influenced the United States to place in third place, with a 7.7% share of the global total.
The rest of the world was led by China (5%) and Russia (4%) with allocations of $ 387 and $ 336 million, respectively. Africa has attracted 14% of the world budget. By region, Latin America remains the most popular with six countries: Chile (8%), Peru (7%), Mexico (6%), Brazil (3%), Argentina (2%) and Colombia (1%). %). which accounted for 91% of the region's budget
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