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South32 takes billion dollar hit on Hermosa

SOUTH32 has delivered a massive US$1.3 billion hit to its headline numbers with the decision to impair its Hermosa project in Arizona, but the non-cash write down is purely down to its accounting policies.

Haydn Black
Hermosa is a massive undertaking

Hermosa is a massive undertaking

South32 put Hermosa on the approvals fast-track in May, but its recent studies have shown that the Taylor zinc-lead-silver and Clark battery-grade manganese deposits can be developed independently, so...

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