Ivan Glasenberg’s advice is buy not build, but rival miners aren’t listening

Annually in May global mining bosses assemble in Miami for an industry summit described as “speed dating for chief executives”.

“They fly into Miami, they get a chance to talk directly to their big US investors and then they all retreat into private meetings with each other,” one miner suggested this week. “That is the real value of going there, they get to look the whole industry in the eye.”