BUZZ-UK Miners: Precious metals boost shares, base metals recover
(Updates shares)
** Shares (Berlin: DI6.BE - news) in miners of precious metals Randgold, Fresnillo (Other OTC: FNLPF - news) , Acacia and Centamin (Toronto: CEE.TO - news) up 2.3-3 pct as gold rallies back to 3-wk highs
** Randgold also helped by PT raise by Citigroup (NYSE: C - news) to 4745p from 4644p
** Shares in London's major base metals miners BHP, Rio Tinto (LSE: RIO.L - news) , Anglo American (LSE: AAL.L - news) , Glencore (Amsterdam: GX8.AS - news) recover earlier losses
** Anglo up 0.7 pct while other three stocks down 0.2-0.8 pct
** China's devaluation of yuan hurt prices of copper, while doubts of a September rate hike by the U.S (Other OTC: UBGXF - news) . Fed boost gold
** Among FTSE midcaps, Centamin, Acacia among top gainers, Petra and Lonmin (LSE: LMI.L - news) shed earlier losses to trade up
** UK mining index marginally up after falling as much as 2.7 pct in early trade
** Mining index (Jakarta: ^JKMING - news) fell as much as 2 pct on Monday before closing up 1.6 pct, turning higher on hopes of stimulus after weak data in China (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)