Original article by Sarah-Jane Tasker
The Australian – Page: 18 : 31-Jul-14

PricewaterhouseCoopers (PwC) energy, utilities and mining industry leader Jock O’Callaghan says resources groups in Australia have significantly reduced their spending on exploration work. The first annual mining benchmarking study by PwC shows that such activities in 2013-14 accounted for just 6% of total capital expenditure by the sector. While ore reserves did still increase during the year, there are now fears not enough new projects will be prepared for the post-2025 period

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