Miners weigh on European shares, Anglo American hits record low

martes 8 de diciembre de 2015 13:52 GYT

* Pan-European FTSEurofirst 300 index down 1.8 percent

* Anglo American hits record low after restructuring plans

* BHP Billiton falls after civil lawsuit (Adds quote, detail, closing prices)

By Alistair Smout and Atul Prakash

LONDON, Dec 8 (Reuters) - European shares fell on Tuesday, with mining shares led lower by a slump in Anglo American to a new record low, and a top pan-European index falling to a 6-week low.

The FTSEurofirst 300 index fell 1.8 percent to 1,437.77 points, its lowest close since late October, with the STOXX Europe 600 Basic Resources sector dropping 6.6 percent to its lowest level since March 2009.

Shares in Anglo American sank 12.3 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 5.5 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.

Miners also suffered from lingering concerns about demand from China, the world's top metals consumer.   Continuación...