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Glencore Xstrata's write-down bigger than expected: $7.7 billion

Ana Komnenic | August 20, 2013 | 6:43 pm Base Metals Energy Africa Asia Europe Coal Copper 

In its first half-year filing since becoming Glencore Xstrata (LON:GLEN), the mining company and commodities trader has added another massive write-down to the list of impairment-ridden miners this quarter: $7.7 billion. As reported on Monday, the charges stem from a...

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