Miners Cut Distressed Debt Pool by $60 Billion as Rebound Firms

  • Changes driven by mine sales, dividend cuts not prices: BI
  • Anglo, Glencore, Freeport no longer make distressed bond list

Mining companies are getting back into financial shape and have cut the sector’s pool of distressed bonds by at least $60 billion, providing another boost to the industry’s outlook as commodities enter a bull market.

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