CAPITAL MARKETS

Anglo to write down up to $4B

BULK commodity prices have hit Anglo American hard in the first half of 2015, with the global miner announcing expected impairments of $US3-4 billion ($A4-6.7 billion) on Australian and Brazilian assets.

Jack McGinn
Anglo to write down up to $4B

The write downs were forecast in Anglo’s June quarterly production report, and were attributed to the company’s Minas-Rio iron ore mine in Brazil and certain coal assets in Australia. “The first six...

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