CAPITAL MARKETS

Indophil writes down Tampakan stake

AS THE future of Glencore Xstrata’s $US5.9 billion ($A6.3 billion) Tampakan copper project grows more uncertain, minority partner Indophil Resources has posted a $A107.5 million impairment on the asset.

Kristie Batten
Indophil writes down Tampakan stake

It took Indophil to a half-year loss of $105.6 million.   Indophil assessed the carrying value of its 37.5% stake in Tampakan operating subsidiary Sagittarius Mines as $174.7 million, down from $268...

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