[miningmx.com] – COST cutting, volume growth and stable commodity prices may signal an improvement in the returns offered by the world’s largest mining companies, said Reuters.
“Cash flows have been negative because they’ve been spending on projects and developments. You want to start to see a sign that that’s starting to reverse,” Darko Kuzmanovic, a portfolio manager at Caledonia Investments, told the newswire.
BHP Billiton, Rio Tinto and Brazil’s Vale are expected to book solid growth in cash flows, having slammed the brakes on building new mines 18 months ago and embarked instead on massive cost cuts and debt repayments, said Reuters.
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