August 25, 2015 / 8:23 AM / 2 years ago

BUZZ-UK Mining cos: Climbing out of the hole

1 Min Read

** Shares in mining companies listed in London rebound after plummeting on Monday on fears of slowing Chinese demand

** Mining companies have been especially sensitive to concerns that China's industrial activity is slowing down

** Shares in miners of base metals BHP Billiton, Antofagasta, Rio Tinto, Glencore, Anglo American up 3.3-6.3 pct, leading the FTSE 100

** Gold miner Randgold down 2 pct, one of two FTSE 100 stocks in the red, after spot gold falls

** BHP reported a 52 pct drop in FY profit on Tuesday; Antofagasta said H1 EBITDA fell 49 pct

** Results "irrelevant" to market at the moment, trader says, pointing to rebound in Hong Kong for upturn in sentiment (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below