Glencore Xstrata writes down inherited Xstrata assets

Glencore Xstrata writes down inherited Xstrata assets

Hard times in the mining world as Glencore Xstrata announced a $8.1 billion (6.05 billion euros) writedown on the value of assets. br br That comes after the merger of the two industry giants and following a three month long review of Xstrata's assets, which contributed $7.7 billion (5.75 billion euros) to the writedowns.br br ...


User: euronews (in English)

Views: 219

Uploaded: 2013-08-20

Duration: 00:30

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