Miners go down like Patriots

MINERS have copped a whack with the Metals & Mining sector closing down around 2.5% on the ASX 200.

Miners go down like Patriots Miners go down like Patriots Miners go down like Patriots Miners go down like Patriots Miners go down like Patriots

The selling was expected after the economic data out of the US on Friday brought into sharp relief a rising greenback.

Fortescue Metals Group was the standout performer among the ASX mining equities, with it winning the day only by the fact it did not lose any ground.

It was all pretty poor down in the junior sector too. Better performers included Arrow Minerals (AMG), up more than 19% after it announced a deal with Independence covering the junior’s ground in the Pilbara region.

The deal also involved Independence buying an 11% equity stake in Arrow, which was formerly known as Segue.

Another attracting a little bit of interest was Orion Minerals (ORN) after it reported ...

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