China Shenhua rose on the back of media reporting noting the company is engaged in talks with fellow energy giant, GD Power (CH:600795) to merge some its existing assets in a move to capitalise on China's burgeoning energy demand.
Grupo Mexico (BMV:GMEXICOB) was the worst performing miner as copper's mixed performance did little to provide investors with a sense of optimism for the near term.
The iron ore pullback that has been part of Vale's (BVMF:VALE5) 3.3% retracement has also seen the world's largest miner, BHP Billiton (AU:BHP) fall 1.9% with Rio Tinto (LN:RIO) also losing ground.
The world's major miners have managed to survive a broad based fall in commodities in the past four weeks as the month of May lived up to its historical reputation of sell in May and go away'.
BHP Billiton Ltd ASX:BHP | US$17.54 | -1.90 | 22.50 | 88.19b |
Rio Tinto Plc LSE:RIO | US$40.21 | -2.30 | 66.90 | 74.93b |
China Shenhua-H HKG:1088 | US$2.54 | 4.20 | 54.30 | 64.47b |
Glencore Plc LSE:GLEN | US$3.70 | -2.00 | 122.30 | 53.73b |
Vale Sa-Pf BVMF:VALE5 | US$7.83 | -3.30 | 123.80 | 42.49b |
Southern Copper NYSE:SCCO | US$34.53 | -1.00 | 32.60 | 26.55b |
Coal India IN:COAL | US$4.17 | 0.20 | -12.30 | 25.84b |
Grupo Mexico-B BMV:GMEXICOB | US$2.73 | -4.60 | 25.40 | 21.13b |
Barrick Gold Crp TSE:ABX | US$16.21 | -0.90 | -0.90 | 18.83b |
Anglo Amer Plc LSE:AAL | US$13.21 | -2.70 | 73.00 | 18.55b |