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Mining sector slumps amid fears of recession

Posted on 23 October 2008

From Independent: Commodity stocks slumped to fresh lows last night after recessionary fears took root across the London market, sending the FTSE 100 down towards the 4,000-point mark.

The Kazakh mining company Kazakhmys was the worst off, falling 15.49 per cent or 47.25p to 257.25p, after the Bank of England Governor, Mervyn King, said it was likely that Britain was heading into a recession….. Full Article: Source


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