North American Metals & Minerals Industry Plans $104 Billion in
Construction Starts for 2013, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 12/20/12 -- Researched by
Industrial Info Resources (Sugar Land, Texas) -- Mining companies
continue to slash capital spending for 2013, especially in the U.S.
coal sector, which has lost significant market share among power
generators. Low natural gas prices and a warmer-than-normal winter
season have combined to reduce U.S. coal consumption in 2012. As a
result, many mining companies have announced significant production
and capital expenditure scale-backs for 2013.
Other companies featured: Peabody Energy Corporation (NYSE:BTU), BHP
Billiton (NYSE:BHP), Rio Tinto plc (NYSE:RIO)
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