Cash rich: With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about US87mil a day. Some of the unprecedented windfall is earmarked for dividends, which companies including BHP and Glencore Plc cut or eliminated during the slump. — Reuters
LONDON: Three years after a commodity slump left their finances in shambles, mining companies are swimming in so much cash that investors aren’t sure where the industry will spend it all.
With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about US$87mil a day.
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