Australian miners fall most in 2 weeks on BHP losses

Deterra Royalties

02/09/2021 02:53

** A sub-index of Australia miners  .AXMM  falls as much as
3.4%, its biggest one-day drop since Aug 19
    ** World's biggest miner BHP Group Ltd  BHP.AX , which is
trading ex-dividend, drops as much as 7.4%, posting its biggest
intraday pct loss since May 1, 2020  urn:newsml:reuters.com:*:nL4N2Q402X
    ** Chinese iron ore futures dropped as restrictions on steel
output across China dashed prospects of restocking demand,
further hurting miners   ironore/  
    ** Global miner Rio Tinto Ltd  RIO.AX  falls 1.3%, while
Fortescue Metals Group Ltd  FMG.AX  slips 0.2%
    ** Gold miner Newcrest Mining Ltd  NCM.AX  down 1%
    ** De Grey Mining  DEG.AX  falls 5.2%, while mining services
contractor MACA Ltd  MLD.AX  drops 3.8%
    ** AXMM up 5.8% this year, as of last close, compared with
14.3% increase in the benchmark index  .AXJO  
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))