Nevada Leads U.S. States for Planned Metals & Minerals Construction Project Starts in 2013

Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. industrial firms are planning to begin construction on 468 Metals & Minerals Industry projects totaling $27.8 billion in 2013. Projects range from grassroot mining projects to steel mills. Looking at the top 10 states, Nevada is No. 1, with 22 projects totaling $4.7 billion.

Click on the image at right to view a chart showing the Top 10 States for project construction starts in 2013.

In Nevada, several large mining projects are scheduled to begin construction in 2013. First reported by Industrial Info in 2005, Eureka Moly, a joint venture 80% owned by General Moly Incorporated and 20% by POSCO (NYSE:PKX) (Seoul, South Korea), is gearing up for heavy construction activities in the spring of 2013 at the Mount Hope Molybdenum mining project located near Eureka, Nevada. The $1.1 billion open pit mine will have a 60,000-ton-per-day processing plant.

Like Nevada, Arizona can attribute the majority of planned Metals & Minerals project construction starts to mining projects, and it is the second-largest state in the nation, with 13 projects totaling $3.2 billion. For example, Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX) (Phoenix, Arizona) is planning to spend about $1.4 billion to expand copper mining production at its mine in Morenci, Arizona.

Mainly due to steel mill and metal processing projects, Ohio is third with 27 projects totaling $2.5 billion.

Rounding out the top 10 states are Mississippi, Texas, Minnesota, Pennsylvania, New York, Utah and New Mexico.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.