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U.K. Stocks Erase Losses as Antofagasta, Mining Companies Rally

Aug. 9 (Bloomberg) -- U.K. stocks erased losses, led by a rebound in mining companies.

The FTSE 100 Index rose 0.1 percent to 5,076.14 at 12:30 p.m. in London after earlier sinking as much as 5.5 percent. The gauge briefly fell 20 percent from its high in February.

Antofagasta Plc rallied 4.8 percent to 1,190 pence and Rio Tinto Group climbed 3 percent to 3,489.5 pence. Banks limited gains on the FTSE 100. Royal Bank of Scotland Group Plc dropped 6 percent to 25.55 pence.

Link to Company News:{RBS LN <Equity> CN <GO>} Link to Company News:{ANTO LN <Equity> CN <GO>} Link to Company News:{RIO LN <Equity> CN <GO>}

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net

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