Lower metal prices drag for miners

PNG-focused miners around the globe found themselves in the red this week due to poorer nickel and gold prices while the oilies showed mixed reactions to steady oil prices.

LME spot nickel prices slid $US980 per tonne to $36,820/t from last week's close of $37,800/t following a sharp correction which analysts at Deutsche Bank described in a research note as a "healthy


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