In just six weeks, global markets turbulence has ripped the shoes off global miners. Measured on its London listing, BHP Billiton, the world’s biggest diversified resources stock, touched all time records on April 6, just below £23.50 a share; since then it’s shed nearly 22%, setting the tone for global miners. Measured on a weighted basis, the world’s biggest 100 miners by market value have shed an average of 26% from high stock prices.
This article also mentions, among others, Anglo American, Rio Tinto, Vedanta and Lonmin.