Mining titan Evy Hambro says it’s better to buy, rather than build

The manager of the world’s biggest mining funds, BlackRock’s Evy Hambro, says it’s now cheaper to buy mines rather than build them, in a tacit approval for a wave of big deals like BHP’s bid for Anglo American.

Speaking in London on Thursday night, Mr Hambro commended the big miners for reforming their capital allocation habits over the past decade, and said acquisitions were a “normal” part of business.