BUZZ-Anglo American: Lags mining peers after Q1 production miss

Thu Apr 21, 2016 4:49am EDT
 
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** Global mining company Anglo American's shares down 1 pct, lags mining peers, after weak Q1 production numbers

** Production of iron ore, copper, diamonds, and coal fall, platinum up; RBC and Canaccord Genuity each flag co missed their estimates for coal, copper, iron ore and platinum

** Peers BHP Billiton up more than 3 pct while Rio Tinto, Antofagasta, Glencore up between 1-2.5 pct with the group dominating top performers list on the FTSE 100

** Decent volumes on miners - a quarter of BHP Billiton, Rio Tinto, Anglo American and Glencore's 30-day avg vols gone through in the first hour of trade, a tenth of Antofagasta's gone through in that time

** UK mining sector at 8-mth highs, setting new YTD highs for third straight day, Stoxx 600 Basic Resources Index set for fourth straight day of gains

** Both indexes close to "golden cross" technical signal - short-term 50-day SMAs close breaking through long-term 200-day SMAs (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)