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Canadian Mining Projects Keep North American Metals & Minerals Industry Project Spending Index in Growth Mode
SUGAR LAND--October 13, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--As the second largest Industry for growth in North America after Oil & Gas Production for project spending based on the value of construction starts in 2008, the Metals & Minerals Industry is one of a handful of industries keeping the North American Project Spending Index in the positive growth mode this year. The Metals & Minerals Industry is experiencing 45.81% growth based on the value of projects that have already begun construction or are scheduled to begin construction during 2008. Mining projects under way this year include diamonds, oil sands, and potash. Among the projects are a $1 billion mine expansion by Potash Corporation of Saskatchewan (NYSE:POT) (Saskatoon, Saskatchewan) and a $787 million expansion by Diavik Diamond Mines Incorporated (Yellowknife, Northwest Territories), which is 60% owned by Rio Tinto (NYSE:RTP) (London).
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Details on this Article:
Industry Segment: Metals & Minerals
Word Count: 454 Words
Attachment: Graph of Metals & Minerals Industry 2008 Project Starts
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