Canada and Australia top the list of countries which spend on mineral exploration with 19% and 12% respectively of global share
Despite being a mineral-rich country, India’s share in the global exploration budget has been less than 0.5 per cent, which might explain why the country’s proven reserves are only 5-10 per cent of the estimated total resources.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/mining-exploration-not-enough-new-law-could-bring-more-funding
[2] http://admin.indiaenvironmentportal.org.in/category/author/mansi-taneja
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/australia
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/canada
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/minerals
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/geological-survey-india-gsi
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-industry
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/national-mineral-development-corporation-nmdc
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal-india