Miners weigh on European shares, Anglo American hits record low

martes 8 de diciembre de 2015 08:50 GYT
 

* Pan-European FTSEurofirst 300 index down 1.5 percent

* Anglo American hits record low after restructuring plans

* BHP Billiton falls after a civil lawsuit (Adds detail)

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.

The STOXX Europe 600 Basic Resources sector fell 6.2 percent to its lowest level since March 2009.

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 5.7 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 1.5 percent at 1,441.54 points by 1242 GMT.   Continuación...