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Conservatism paying dividends

Against a backdrop of wavering Chinese industrial demand, worries over Russia starting a war, instability in the Euro Zone and rising US interest rates, miners did not fare well in 2015. The downturn endured and looks set to continue for at least another 12 to 18 months, but this setting has provided a ripe period to reflect.

Conservatism paying dividends Conservatism paying dividends Conservatism paying dividends Conservatism paying dividends Conservatism paying dividends

2015 has proven to be not the best time to expand iron ore output (photo: Rio Tinto)