A new report by BMI Research forecasts the global mining project pipeline will continue to narrow in 2016 and 2017 as low metals and mineral prices force miners into further cost cuts and lower capital spending.

However, a handful of countries are set to continue to make significant investment into both brownfield and greenfield projects, bolstered by a combination of low production costs, high-grade reserves and favourable regulations says BMI.

None more so than Australia, where significant initial capex projects nearly outnumber the next ten countries on the list.

BMI warns however that a majority of the projects in the pipeline are in the announced/feasibility study stage, and a proportion are not be expected to come to fruition over the research forecast period of 2016–2020.

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