BUZZ-Australian miners set for fourth week of gains on rising iron ore prices

Reuters
03-28
BUZZ-Australian miners set for fourth week of gains on rising iron ore prices

** Australian miners .AXMM set for their fourth straight week of gains, rising 1.4% so far

** Iron ore prices have ticked higher this week, touching a one-week high in the previous session on seasonal demand from top consumer China IRONORE/

** AXMM up 1.1% for the day, its highest level in over a month

** Mining giants BHP BHP.AX, Rio Tinto RIO.AX and Fortescue FMG.AX rise around 0.2% each

** Mining sub-index has gained 4.7% so far this year vs a 2.1% decline in the broader ASX 200 benchmark .AXJO

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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