North American Mining Industry Developing $207 Billion Mine Projects

SUGAR LAND--July 9, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--From oil sands in Alberta to new coal mines in the Midwest, mining companies in North America are developing a growing portfolio of mining projects. "Currently, we are tracking more than 640 projects totaling $207 billion in North America alone," said Joseph Govreau, VP of Metals & Minerals Research for Industrial Info. The market is still recovering from the economic and financial crisis and is far from entertaining a full-blown growth mode, but more and more companies are dusting off old projects and re-evaluating the feasibility of projects put on hold during the past two years, which is a good sign for the industry.