Miners set to spend $14.9b in search of the next jackpot

Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues on whether the sector's heavyweights are close to a new jackpot discovery.

As Rio Tinto searches Australia's Great Sandy Desert for copper and Anglo American scours a 19,000-square kilometre package of land in Brazil, they're among the mining giants stoking excitement over potential reserves that'll replenish project pipelines and overturn the industry's lack of recent success in unearthing deposits.

Bloomberg