Miners continue slide on global growth worries

Comment on this story
IOL BR mining PIC001 Reuters.

Shares of Johannesburg-listed miners continue to take a pounding on renewed concerns that a slowdown in global growth will blunt demand for commodities.

Bleak manufacturing data from China and the United States on Thursday gave investors a sobering reminder that slowing growth is likely to threaten corporate profits.

Diversified miner Exxaro slides 3.1 percent to 194.81 rand, adding to a 3.6 percent tumble in the previous session. Global miner BHP Billiton drops 2.4 percent to 231.81 rand, adding to a 1.9 percent drop on Thursday.

South Africa's benchmark Top-40 index is down 1.3 percent. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.