Thursday, June 27, 2013

Arizona attracted 12% of U.S. mineral exploration activity in 2012

 The U.S. attracted about 11% of worldwide mineral exploration projects in 2012 and of the 334 U.S. exploration projects identified by the USGS, 35% were located in Nevada, 13% in Alaska, 12% in Arizona, 7% in Idaho, 5% in Wyoming, 4% each were located in California and New Mexico, 3% in Utah, and smaller amounts in a number of other states.  The annual Exploration Review was published in SME's Mining Engineering magazine.   [Photo credit, Asarco]

In comparison, Arizona generated about 11% of the value of all U.S. mineral production in 2012, making Arizona the #2 state behind Nevada.

According to the article, "The U.S. nonfuel mineral exploration budget was anticipated to increase by about 23 percent to about $1.7 billion in 2012 from $1.4 billion in 2011, according to MEG data. The U.S. percentage of the world exploration budget remained at 8 percent in 2011. The increase in the U.S. minerals exploration budget in 2011 is tied to an improved economy, higher commodity prices and higher exploration costs."

Ref: Exploration Review, by D.R. Wilburn, K.A. Stanley, U.S. Geological Survey
Mining Engineering magazine, May, 2013, Pp. 32-52,

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