Mining firms, already cutting back after years of rising costs, could do more to tighten their...

|By:, SA News Editor

Mining firms, already cutting back after years of rising costs, could do more to tighten their belts and should use proceeds to boost payouts to investors, BlackRock's Evy Hambro says. A better balance is needed in capital allocation by miners, which he says are traditionally eager to put money into new projects and acquisitions and then and only then give back to investors.