BUZZ-Antofagasta: Leads miners lower after cancelling final divi

Tue Mar 15, 2016 4:33am EDT
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** Copper miner Antofagasta's shares down 9 pct, tops the loser board on the Stoxx 600, after saying it will not pay a final dividend

** Co says its interim dividend of 3.1 cents met its 35 pct payout target; says 2015 EBITDA from continuing operations down 58 pct

** Peers BHP Billiton, Glencore, Anglo American down 5.7-8.6 pct, crowding the bottom of the FTSE 100

** Antofagasta among the busiest stocks on the FTSE, close to a fifth of its daily avg gone through in first half hour; Anglo, BHP, Glencore all see a tenth of their 30-day avg vols gone through

** Rio Tinto relatively better, down 4.4 pct

** Stoxx 600 Basic Resources Index down 4.2 pct, easily worst sector in Europe (