FTSE 100 Movers: No risers, miners leading the fall

22nd Sep 2011 13:25

There were no risers on the FTSE 100 today, after the US unveiled a £250bn rescue plan to revive its flagging economy. Copper miner Antofagasta was the biggest faller, pushed lower by the news that Pakistan's Baluchistan province has voiced objections to a mining lease for a significant copper and gold project in the country's southwest region. Antofagasta has partnered with Barrick Gold for the now delayed joint venture, which has seen them already spend $200m on purchasing the exploration licence from BHP. Worries of a dip in demand for mineral resources hit other mining giants as well, with Vedanta, Rio Tinto, Fresnillo and Kazakhmys all heading significantly lower. FTSE 100 - FallersAntofagasta (ANTO) 1,009.00p -9.43%Vedanta Resources (VED) 1,170.00p -9.16%Burberry Group (BRBY) 1,372.00p -9.08%Kazakhmys (KAZ) 879.00p -9.01%Xstrata (XTA) 859.00p -8.60%Rio Tinto (RIO) 3,106.50p -8.34%Fresnillo (FRES) 1,776.00p -8.22%Hargreaves Lansdown (HL.) 442.00p -7.65%Schroders (SDR) 1,187.00p -7.55%Schroders (Non-Voting) (SDRC) 973.50p -7.55%NR