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Impairments and commodity crunch cruel South32 profitability

Alumina and nickel write-downs, lower earnings, and weather woes conspire to deliver a loss

Haydn Black
The Taylor development. Credit: South32.

The Taylor development. Credit: South32.

South32's decisions to write-down the values of its Worsley Alumina operations in Western Australia and Cerro Matoso nickel project in Colombia by US$636 million, combined with substantially lower earnings,...

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