Miners dragged on the FTSE 100 opening this morning following BHP Billiton's $40bn hostile takeover bid for Canadian group Potash Corp.
In a boost to mining companies the new Australian prime minister Julia Gillard has reached a compromise with mining companies on tax.
The proposed new tax on ‘super-profits' generated by Australian mining companies has seen the mining sector fall heavily again today.
Miners continue to lead the FTSE 100 into positive territory after rising copper prices led to a strong showing yesterday.
The FTSE 100 opened lower, down 39.78 points or 0.76% to 5220 over worries about global growth following announcements in China and the US.
Interesting investment opportunities exist across the three main natural resources areas: energy, metals and agriculture. In recent months the energy, metals and mining sectors have been particularly strong performers, with companies such as South African...
Early trading saw the FTSE 100 fall after reaching a 12-month high on Monday.
The FTSE 100 plunged sharply in morning trading, as banks and mining stocks dragged the index down.
The FTSE 100 slipped slightly this morning after Wall Street's recent rally stalled overnight.
Wall Street continues to be buoyed by comments yesterday from Fed chairman Ben Bernanke indicating the recession in the US could be over.