A rebound in capital spending from the deep cuts made in 2016 is expected this year, along with the resumption in some dividends as excess cash is built up, Moody’s Investors Service’s said on Friday. This followed the release of Moody’s yearly mining liquidity study, which showed recovering metal prices, cost cutting initiatives and stricter financial discipline had bolstered the first quarter liquidity of high-yield miners in Europe, the Middle East and Africa (Emea).
