The biggest deal of the report period was
Closing up $1 over the period to US$19.20, Australian-based WMC has been on a bit of a roll since its recent “de-merger,” which saw its 40% stake in an aluminum joint venture with Alcoa spun off into a new company named Alumina Ltd., and its base metals, uranium and fertilizer assets maintained under the WMC banner.
The combined value of the two de-merged companies already exceeds that of the old WMC, and there is rampant speculation that either of the two new companies will soon become takeover targets of the major mining houses.
The rest of the base metal miners were hit by continued doubts over any recovery in the sagging global economy:
The gold majors all benefited from the general doom and gloom in the markets:
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