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New era of constraint to drive mining innovation

Deloitte global mining leader Phil Hopwood has echoed the views of senior, influential mining sector investors in saying he thinks industry leaders will remain cautious and disciplined about capital allocation in the foreseeable future. This will put a spotlight on the industry’s attempts to generate more surplus cash from existing assets, and also its need to create growth options.

New era of constraint to drive mining innovation New era of constraint to drive mining innovation New era of constraint to drive mining innovation New era of constraint to drive mining innovation New era of constraint to drive mining innovation

Big miners have increased shareholder dividend payouts but are not yet making major new commitments to capital projects.

Hopwood says commodity prices have risen, but they have generally...