The Federal Reserve and other U.S. agencies had some tools to help assess prudential risks for U.S.-based firms when the crisis hit. Information sharing about systemic financial vulnerabilities was more limited, particularly for conditions outside the United States.
This will depend not just on the outcome of decisions regarding uncommitted projects, but also the rate of progress on existing projects and the extent and nature of any further cost overruns. Notwithstanding this uncertainty, there is still a large amount of work in the pipeline, and so mining investment is likely to remain quite elevated for a time.