11-03-2015, 10:47 AM
Miners lead share market slide
http://www.abc.net.au/news/2015-03-11/mi...de/6301312
The world's biggest miner, BHP Billiton, was leading the declines, despite a stabilisation in iron ore prices overnight, albeit just above six-year lows at $US58.50 a tonne in the Chinese port of Tianjin.
The big Australian's market capitalisation was 5.2 per cent smaller in early trade, losing $1.67 a share to $30.24.
Around half of this was due to the company trading without rights to its latest 62 US cent (81 cent) dividend from today onwards.
Its main rival, Rio Tinto, was a much more modest 1.4 per cent lower at $57.77.
Australia's third biggest iron ore producer Fortescue was off 3.7 per cent to $1.95, its lowest share price since the absolute peak of the global financial crisis in early 2009.
http://www.abc.net.au/news/2015-03-11/mi...de/6301312
The world's biggest miner, BHP Billiton, was leading the declines, despite a stabilisation in iron ore prices overnight, albeit just above six-year lows at $US58.50 a tonne in the Chinese port of Tianjin.
The big Australian's market capitalisation was 5.2 per cent smaller in early trade, losing $1.67 a share to $30.24.
Around half of this was due to the company trading without rights to its latest 62 US cent (81 cent) dividend from today onwards.
Its main rival, Rio Tinto, was a much more modest 1.4 per cent lower at $57.77.
Australia's third biggest iron ore producer Fortescue was off 3.7 per cent to $1.95, its lowest share price since the absolute peak of the global financial crisis in early 2009.