Global nonfuel mineral exploration trends 2001-2015

"The mission of the U.S. Geological Survey (USGS) National Minerals Information Center (NMIC) is to collect, analyze and disseminate information on the domestic and international supply of and demand for minerals and mineral materials essential to the U.S. economy and national security. Understanding mineral exploration activities and trends assists government policy makers, minerals industry decision makers and research entities in identifying where future sources of mineral supply are likely to be discovered, the amount and type of these resources and factors that may affect exploration and development.This review summarizes significant exploration trends related to active sites and budgets, mineral commodities and regional factors for the years 2001-2015. Data were compiled by specialists in the USGS-NMIC, and reported annually in the USGS-NMIC Minerals Yearbook series and in the May issue of Mining Engineering magazine. External data for these analyses were derived from industry sources, published literature, and SNL Metals & Mining, an offering of S&P Global Market Intelligence (New York, NY).The USGS-NMIC compiled exploration site data for more than 80 mineral commodities, focusing on base metals, diamond and precious metals. More than $138 billion constant U.S. dollars were budgeted by the minerals industry from 2001 through 2015 to explore more than 16,000 mineral deposits globally (SNL Metals & Mining, 2016a). Annual analyses identified where mineral exploration took place by principal commodity target, ranked the magnitude of activity in each region, identified the factors that most affected changes in exploration activity and highlighted developments that led to changes in global supply or increased diversity of supply to the United States. Geographic classifications noted in this report were Africa, Australia, Canada, China, Latin America, Pacific, Russia, United States and Rest of the World."