Spend don’t splurge, investors tell miners as M&A, capex surges
Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.
Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics.
Barclays says commodity gains this year not supported by fundamentals– sector vulnerable to wave of investor liquidation that could knock prices down 20–25%.
New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.