Xstrata is a major global diversified mining group. Xstrata maintains a meaningful position in six major international commodity markets: copper, coking coal, thermal coal, ferrochrome, vanadium and zinc, with additional exposures to gold, lead and silver. The Groups operations and projects span four continents and seven countries: Australia, South Africa, Spain, Germany, Argentina, Peru and the UK.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Coal:       42%
Copper:    25%
Zinc:       18%
Chrome:   10%
Vanadium: 4%
Others:     1%

Why is this headed south?

Maybe 'cos as they are bidding for Lonmin & their offer has been rejected, they are now gonna have to find more funding for another, higher offer. Often the bidder's sp goes down but the target's sp goes up, though wouldn't mind betting the shorters are forcing things down a bit as well.
Sp well below the 200 DMA on the chart, but picking the bottom before the bounce is very tricky, imo.

commodity prices also falling away

All commodity companies are well oversold IMO but that is the market for you.

Can't help feeling there is a bounce looming

Dollar has overshot some would say based on interest rates, big players(possibly fed to push crude down) with thin volume due to hols.So I'm hoping for weakness on cable and eurodollar that should help commod stocks. The other argument that this is sector rotation from comod stocks to value/defensives

down 11% with all the other miners.

Might buy in when it gets down to 1/share lol

down 13%

approaching 15%

diito 20%.

We're all dooooomed ..

Private Fraser, behave yourself!

yes Mr Mannering ..... :-(

Captain Mainwaring sir to you, Fraser

yes Mr mannerinrdg

The miners will go out of job soon

down 15%+

If anybody has the time, check-out the 10 year chart.

Extraordinary!

Looks like more downside to come then...back to 400p possibly when the dust is settled.

bit extreme I'd thought but there again anything is possible. £44 seems along time ago!

Well, it was a 10-bagger.

Looks like a fall from the top of Mount Everst! -about 70% from its peak.
Is anybody able to pull out a chart on the mining section as a whole?
No doubt there will be many similar falls.Aricom,a 250 co. have gone from 107 to 17.