Palabora loses almost 10%

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IOL BR mining PIC001 Reuters.

Shares of Palabora Mining, South Africa's only producer of refined copper, fall almost 10 percent after company reports a sharp fall in interim profit and says earnings for rest of the year will be depressed by soft commodity prices and operational glitches.

At 09:32 SA time, the company's shares were down 7.58 percent to 87.89 rand. - Reuters

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