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2020 Mining Capital Expenditure Reduces by 8% Due to Pandemic

Recent research conducted by S&P Global Market Intelligence has discovered that actual capital expenditures decreased by 8% last year in more than 400 mining companies. This was a result of the regional lockdowns imposed, which brought about work stoppages and placed unprecedented stress on international supply chains.

At the start of last year, S&P Global Market Intelligence forecasted a capital expenditure of more than $160 million, based on a 9% year-over-year increase of the previous year…

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