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Miners in retreat

The drag on commodity prices caused by a strengthening US dollar and the failure of the European Central Bank to follow through on a speculated pull back in rates last week has continued to weigh on equities, forcing down the market values of the world’s biggest miners.

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BHP Billiton led miners lower last week

The net unweighted average movement for the 10 largest miners over the past week was -2%, with the world’s largest companies leading the fall – BHP Billiton, Rio Tinto and China Shenhua were down

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