Miners weigh on European shares, Anglo American hits record low

martes 8 de diciembre de 2015 05:18 GYT

* Pan-European FTSEurofirst 300 index down 0.5 percent

* Anglo American hits record low after restructuring plans

* BHP Billiton falls after a civil lawsuit

By Atul Prakash

LONDON, Dec 8 (Reuters) - European shares fell on Tuesday, with Anglo American slumping to a new record low after suspending its dividend and BHP Billiton slipping after a civil lawsuit seeking billion of dollars in damages.

Shares in Anglo American sank nearly 9 percent after the miner announced restructuring steps, including plans to consolidate into three business units from six, sell more assets and suspend dividends for the second half of this year.

BHP Billiton fell 5.4 percent after a deadly dam burst at a Brazilian iron ore mine triggered a civil lawsuit, seeking 20 billion reais ($5.31 billion) in environmental and property damages from mine operator Samarco and its owners, BHP and Vale.

The pan-European FTSEurofirst 300 index was down 0.5 percent at 1,457.07 points by 0847 GMT. Miners were generally weaker, tracking a fall in metals prices on lingering concerns about their demand in top consumer China.

China's trade performance remained weak in November, casting doubt on hopes that the world's second-largest economy would level off in the fourth quarter and spelling more pain for its major trading partners.   Continuación...