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Not so happy new year

IT was a lacklustre session as the market followed the lead of the United States, where investors were anxious about the loss of consumer confidence. With metals down and nothing positive to go on, miners saw in the new financial year with a grimace.

Kate Haycock

BHP Billiton and Rio Tinto both unwound yesterday’s gains, falling 2.4% and 1% respectively. Both are staying tight-lipped – unsurprisingly – on the progress of talks with Chinese steel mills over iron...

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