Mining group Rio Tinto fell today after it warned about the impact of severe floods in Australia.
Heavy rain in Australia's key coal-producing Queensland state has brought parts of the coal infrastructure, including rail and ports, to a standstill.
Rio Tinto lost 1.5% to 4504p and later traded down 35p, or 0.77% to 4538p. Along with other companies, its coal division said that following severe monsoons in central and northern Queensland state, force majeure has been declared on coal sales contracts from mines in which it has a majority interest.
In contrast, Hochschild Mining jumped 3.3% to 644.5p after clinching a joint venture with International Minerals to develop the Inmaculada gold and silver project in southern Peru.
And Anglo American gained 1.8% to 3366p after it revealed it would invest up to 1.3bn reais in its iron-ore port venture with billionaire Eike Batista's LLX Logistica to export the mineral from Brazil.
