Glencore posts massive Xstrata write-down

NEWLY formed Glencore Xstrata has posted a first-half loss of $US8.9 billion ($A9.8 billion), mainly due to a goodwill impairment of $7.6 billion on the acquisition of Xstrata in May.

Glencore posts massive Xstrata write-down Glencore posts massive Xstrata write-down Glencore posts massive Xstrata write-down Glencore posts massive Xstrata write-down Glencore posts massive Xstrata write-down

The company said the statutory day one goodwill impairment reflected the broader negative mining industry climate and sentiment that prevailed during the first half of this year, as well as the

loader