Shares in Rio Tinto dove 3.72%, after Australia's Queensland state approved earlier the almost USD1.5 billion expansion of the company’s bauxite mining operations, leaving the project in the hands of the federal government, which has raised concerns about shipping through the Great Barrier Reef.
Rival Bhp Billiton saw shares plummet 3.31%, while copper producers Xstrata and Kazakhmys tumbled 3.66% and 3.46% respectively.
Financial stocks also added to losses as shares in Lloyds Banking dropped 1.76% and HSBC Holdings retreated 1.53%, while the Royal Bank of Scotland and Barclays declined 1.18% and 1.12%.
Elsewhere, Burberry shares plunged 4.76% as the company reported adjusted pretax profit of GBP376.2 million in the 12 months ended March 31.
On the upside, Cove Energy Plc surged 10.27% after the U.K. agreed to be acquired by PTT Exploration & Production Pcl after the Thai producer raised its offer to GBP1.22 billion, beating out Royal Dutch Shell Plc.
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