Glencore Xstrata writes down inherited Xstrata assets

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

Glencore Xstrata writes down inherited Xstrata assets

E
euronews (in English)

219 Views • Aug 20, 2013

Description

Hard times in the mining world as Glencore Xstrata announced a $8.1 billion (6.05 billion euros) writedown on the value of assets.

That comes after the merger of the two industry giants and following a three month long review of Xstrata's assets, which contributed $7.7 billion (5.75 billion euros) to the writedowns.

...
http://www.euronews.net/