Copper $ 5.5065 / lb 1.46%
Brent Crude Oil $ 60.25 / bbl 0.80%
Palladium $ 1778 / ozt 0.00%
Crude Oil $ 56.42 / bbl 0.93%
Natural Gas $ 3.946 / Btu 0.10%
Silver Futures $ 66.96 / ozt 2.36%
Aluminum Futures $ 2964.5 / ton 1.52%
Micro Gold Futures $ 4377.6 / ozt 0.30%
Micro Silver Futures $ 66.97 / ozt 2.37%
Platinum $ 2013.65 / ozt 3.10%
Gold Futures $ 4377.8 / ozt 0.33%
Go to MDC Markets

Glasenberg writes off $8 billion. Yawn

Frik Els | August 20, 2013 | 3:26 pm Base Metals Energy Africa Europe Copper Nickel 

Glencore Xstrata CEO Ivan Glasenberg on Tuesday announced asset impairments, accounting charges and other non-cash losses of close to $9 billion. The shares were duly marked down, but not by much. Most investors remained phlegmatic despite the eye-watering numbers (even...

Mining.com Recommends

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

Your Rankings.

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now