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Investors should welcome mining buybacks

Investors should welcome mining buybacks

Share buybacks are back. After commodity price rises, several years of cost-cutting and a chastened approach to capital expenditure, stock repurchases are once again on the agenda for two of London’s largest miners. This week, Rio Tinto (RIO) and South32 (S32) used their annual investor roadshows to explain this approach to capital allocation.

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