Introduction
- U.S. Geological Survey (US)
This paper reports that the outlook for exploration depends on the economic health of the mining industry and, in turn, general economic conditions. It is too early to determine the overall impact of the cessation of hostilities in the Persian Gulf War. Its conclusion would allow funds to be redirected to individual country's economies. The rebuilding of the war-damaged countries will probably translate into net increases in demand for the minerals industry. A return to stability in energy costs will also benefit the mining industry. Alternatively, the capital requirements to rebuild war-torn countries could put some strain on capital markets and affect the funds available for private commercial investment. Along with increasing the cost of capital to mining operations, a capital shortage could stall recovery of western industrialized economies that are currently in recession.
- OSTI ID:
- 5118397
- Journal Information:
- Mining Engineering (Littleton, Colorado); (United States), Vol. 43:5; ISSN 0026-5187
- Country of Publication:
- United States
- Language:
- English
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