SOURCE: Industrial Info Resources

Industrial Info Resources

July 09, 2010 05:20 ET

North American Mining Industry Developing $207 Billion Mine Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - July 9, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- From oil sands in Alberta to new coal mines in the Midwest, mining companies in North America are developing a growing portfolio of mining projects. "Currently, we are tracking more than 640 projects totaling $207 billion in North America alone," said Joseph Govreau, VP of Metals & Minerals Research for Industrial Info. The market is still recovering from the economic and financial crisis and is far from entertaining a full-blown growth mode, but more and more companies are dusting off old projects and re-evaluating the feasibility of projects put on hold during the past two years, which is a good sign for the industry.

Companies featured: Peabody Energy Corporation (NYSE:BTU)

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    Joe Govreau