LONDON—Glencore Xstrata PLC said Tuesday it has taken an $8.47 billion hit against the value of its assets, which contributed to a net loss in the first half of the year—its first set of results since the mining company was created through a multibillion-dollar acquisition of Anglo-Swiss miner Xstrata PLC.
The Baar, Switzerland-based company swung to a net loss of $8.92 billion in the first six months of the year, compared with a net profit of $2.28 billion in the same period a year earlier. The swing was largely due to a goodwill impairment charge of $7.66 billion against the …
Full Miami News >>>
corporatestrategy1 