Capital expenditures on mining projects grew in 2021 and the trend is expected to continue this year. According to the firm GlobalData, the estimated Capex of 20 major miners will rise 22 per cent to $70.4 billion in 2022. In the past when the money was flowing in, the sector has not always used it well, leaving many investors wary of funding the next generation of projects. At CIM's recent Capital Projects Symposium in Toronto, the event concluded with a panel discussion about what really matters to financiers when it comes to backing or buying mining projects and companies.
NSTL
