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Miners showing improved discipline, says Bernstein

Improved discipline could set the stage for a price rally when demand eventually recovers.

Tom Hoskyns
US investment bank Bernstein is encouraged by miners' improving discipline regarding exploration spend

US investment bank Bernstein is encouraged by miners' improving discipline regarding exploration spend

Bernstein said while the high margins seen over the past three years would usually tempt miners to open up exploration budgets, spending on exploration has instead been below average, "evidence of that...

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