Mining news spurs FTSE on

The London market clawed back lost ground today as major news in the mining sector from Rio Tinto spurred on stocks.

Mining news spurs FTSE on
Fri, 05 Jun, 2009 - 12:17

The London market clawed back lost ground today as major news in the mining sector from Rio Tinto spurred on stocks.

The FTSE 100 Index rose 59.9 points to 4446.8 in mid-morning trade after Rio announced it was scrapping its $19.5bn (€13.7bn) deal with China’s Chinalco in favour of a venture with rival BHP Billiton.

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