February 10, 2017 / 5:07 AM / 7 months ago

BUZZ-Australian miners rise as China's iron ore imports surge

** Australia’s ASX 300 Metals and Mining Index rises as much as 1.2 pct

** Chinese iron ore futures jump more than 2 pct, nearly matching multi-year peaks, lifted by surge in imports

** China’s iron ore imports rise 12 pct in Jan to the second highest on record, as steel mills replenish stocks and seaborne supply continues to displace higher-cost production

** BHP Billiton rises as much as 2.2 pct to A$26 in their biggest intraday pct gain in over two weeks

** Index heavyweight South32 gains as much as 1.4 pct

** The Metals and Mining index was dragged down by gold stocks such as Newcrest Mining (Reuters Messaging; hanna.paul.thomsonreuters.com@reuters.net)

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