Asian Demand for Commodities Drives Hefty Investment in British Columbia's Mining and LNG Projects
Posted on March 23, 2012 at 04:43 AM EDT
SUGAR LAND--March 23, 2012--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--British Columbia is going through an industrial investment boom, as continued high prices and strong global demand for a variety of commodities have led to tens of billions of dollars in planned project spending in the province. Increased project spending is particularly pronounced in the Metals & Minerals and liquefied natural gas (LNG) industries. Industrial Info is tracking approximately $4.5 billion of planned project spending for LNG facilities in British Columbia and about $40.7 billion in Metals & Minerals projects in the province. Companies featured: Apache Corporation (NYSE:APA) , Seabridge Gold Incorporated (NYSE:SA) , Rio Tinto plc (NYSE:RIO) , Thompson Creek Metals Company Incorporated (NYSE:TC) , Teck Resources Limited (NYSE:TCK)
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