Mining Profits Are Super-Charged and BlackRock Wants to Get Paid
- BlackRock’s Hambro sees ‘very robust’ profit ahead for miners
- Undervalued companies must return cash to attract investors
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The world’s mining sector is firing on all cylinders again, and one of it’s biggest investors can’t wait to get paid.
After five years of under-performance, a combination of synchronous global growth and under-investment in new supply has driven up commodity prices, increasing cash flow and profit margins for the world’s biggest mining companies, according to BlackRock Inc.’s Evy Hambro.