The Mining Industry Has A $344 Billion Dollar “Problem”Rupert Hargreaves
How do you spend $344 billion? That's the question the global mining industry is now facing after years of aggressive cost-cutting, mergers, and efficiency savings.
The figure of $344 billion has been calculated by equity analysts at Morgan Stanly who note that at present, the mining industry is trading at a forward free cash flow yield of 11% based on 2018 estimates.
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