The Mining Industry Has A $344 Billion Dollar “Problem”
Rupert Hargreaves2021-05-14T03:03:56-04:00
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.
Author
Rupert Hargreaves
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk