Post Tagged with: "Financial performance"

eMediaWorld.com Reports Glencore Xstrata $7.66 billion charge hits profit

August 20, 2013 3:55 AM0 comments
eMediaWorld.com Reports Glencore Xstrata $7.66 billion charge hits profit

GENEVA — Newly-merged commodities and mining group Glencore Xstrata Plc reported a near $9 billion first-half loss as it wrote down the value of its mining assets by a hefty $7.66 billion. The write-down, the Swiss-based company said Tuesday alongside half-year results, reflected “the broader negative mining industry environment” and […]

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