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Global miners recover their poise

Posted on 19 February 2014

Costs are down, output is up and the cash is starting to flow: the world’s largest miners are recovering their poise. BHP Billiton’s 31 per cent rise in interim profits, hard on the heels of Rio Tinto’s return to annual profit and bumper dividend, is giving investors hope that the worst is over for the two most valuable mining groups. BHP has indicated it should also be able to return more cash to shareholders when it reports annual results in August.
Shareholders lost faith in mining companies because they chased growth with spending on overblown projects, leaving them exposed to a downturn in commodity prices when Chinese growth slowed………………………………………..Full Article: Source


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