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...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday