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South32 posts $1.6bn loss but pays maiden dividend

Cecilia Jamasmie | August 25, 2016 | 10:06 am Base Metals Energy Precious Metals Top Companies Africa Australia Europe Latin America Aluminum Coal Copper Nickel Silver Zinc 

Mining scene newcomer and BHP spin-off South32 (ASX, LON, JSE:S32) said Thursday it would pay a maiden dividend despite posting a net loss of $1.6bn for its first full fiscal year due to weak commodity prices and asset write-downs. Underlying earnings, excluding...

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