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As prices rebound, mining sector remains cautious about repeating costly mistakes Add to ...

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Miners are doomed to repeat the mistakes of the past, as commodity prices rise and optimism seeps back into sector, financiers say.

Multi-billion-dollar purchases made at the top of the cycle ravaged corporate balance sheets and forced companies to sell their best mines to survive amid a cash crunch. As confidence now grows along with share prices and profits, mining companies are cautiously exploring ways to expand.

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