Miners continue slide on global growth worries

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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


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