Top mining, metals companies warned about taking debt reduction too far

June 15, 2017

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New research from advisory firm Ernst & Young (EY) has shown that global mining and metals companies are in danger of going too far in their efforts to reduce debt and could compromise their long-term growth opportunities.

In a new report, EY noted that debt has fallen by almost 25% in the sector from peak levels in 2014 following the end of the supercycle, with the majority of debt reduction happening in 2016.

Category: General