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Debt bombshell waiting to explode

With net debt/earnings ratios at the highest levels since the turn of the century, leverage is increasingly stretching miners’ balance sheets and will limit flexibility to absorb financial shocks, according to a report by EY.

Richard Wachman
Ticking timebomb for 2016: too much leverage

Ticking timebomb for 2016: too much leverage

The professional services firm noted this is the first observable period of such a disconnect between debt and earnings progression. “Mining companies globally are factoring in ‘lower for longer’ commodity...

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