Mining companies adopted a more conservative approach after the 2015-16 market downturn to adjust to more volatile commodity prices, focusing on cost cutting, productivity and expanding liquidity says a new report by Moody’s Investor Service, a ratings agency.
Moody’s says earnings for the 130 rated issuers in the industry have improved since the mid-decade downturn, with EBITDA for 12 months through September 2020 totaling $230 billion, the third-largest among the global sectors, after oil & gas and pharmaceuticals. MINING.com Editor | March 18, 2021 |
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