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Title
Exploration spending expected to soar; Mining companies are again searching for new deposits.
Abstract
The article reports that the exploration spending for mining companies is expected to increase in 2018. It cites companies like Rio Tinto and Anglo American that turned to satellite imagery to remain competitive in their searches for metals and new deposits. It notes that top gold producer Newcrest Mining Ltd. and iron ore exporter Fortescue Metals Group Ltd. continue to explore for gold and copper deposits in other regions.