The mining sector is often associated with ill-disciplined capital management. Through the last supercycle, driven by Chinese industrialisation, bullish management teams typically signed off overzealous projects and ill-advised M&A activity as they sought to grow volumes, often to the detriment of returns on capital and shareholders' returns.
After an excruciating downturn, lasting until early 2016, and mounting shareholder pressure, it seems many UK miners have turned over a new leaf. New management teams appear to have taken heed of past...
Gender equality would not be reached until 2040
Slendebroek has been CEO since 2014
Industry Voice: Cash was king in 2018, but likely won't be in 2019
Annual letter to investors