SOURCE: Industrial Info Resources

Industrial Info Resources

December 20, 2012 06:15 ET

North American Metals & Minerals Industry Plans $104 Billion in Construction Starts for 2013, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Dec 20, 2012) - 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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