News

July 06, 2008

That Was The Week That Was … In London

By Henry Sandford

It was an abysmal week for London's mining sector even by the sorry standards of the previous one. The majors were all down, with Anglo American (LSE: AAL) falling seven per cent to 3,148p, Rio Tinto (LSE: RIO) off four per cent at 5,600p, BHP Billiton (LSE: BLT) down six per cent at 1,763p and Xstrata (LSE: XTA) down by four per cent at 3,764p.

Among the fully listed large caps, Eurasian Natural Resources Corporation (LSE: ENRC) plummeted 19 per cent to 1,088p, while Kazakhmys (LSE: KAZ) fell 12 per cent to 1,422p and Ferrexpo (LSE: FXPO) dropped 17 per cent to 327.4p. International Ferro Metals (LSE: IFL) plunged 24 per cent to 96.15p despite a strengthening outlook for the ferrochrome price. Aricom (LSE: ORE) was down 11 per cent to 73.65p, Aquarius Platinum (LSE: AQP) fell eight per cent to 755p and Talvivaara Mining (LSE: TALV)...