of the top global mining companies by market cap were analysed by EY in preparing its report titled 'Does cutting debt have to mean reducing your ambitions?'.
Percentage by which debt has fallen in the sector from peak levels in 2014 following the end of the 'supercycle', with the majority of debt reduction happening in 2016.
Debt reduction in 2016 alone - nearly 17% of the total debt. Proceeds from asset sales, curtailed capital spending and suspended dividends were contributing factors.