Randgold leads FTSE lower after share price dives 10%

European markets have added to early losses as concerns over Chinese growth hit miners and a military coup in Mali sent Rangold Resources shares plummeting.

The FTSE 100 has fallen back 0.7% to 5,849, the German Dax has slumped 1.5% to 6,956 and the Cac 40 has lost 1.59% to 3,471. London's leading index has pulled back from an eight-month high of 5,965 on Friday's close. Today a Chinese manufacturing index indicated a worse than expected contraction this month, hitting metal prices and mining stocks. Randgold Resources was among the worst affected, dropping over 10% to £59.30 by 2pm following a military coup in Mali, where the company has three gold mines which make up the majority of its gold production. Fresnillo and Vedanta Resou...