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MINER'S RIGHT
Sea of cash covers mining cost problems
A sea of cash has kept the world’s big miners afloat in the first few months of the year, but below the surface there are cost and operational problems which will soon test the credentials of management.
Investors, if not their advisers, sense the longer-term challenges by selling sector leaders even as most investment banks say buy. Anglo American, down 8% on the day it announced cuts to iron ore and...
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