Anglo posts $239M loss amid year of write-downs

ANGLO American has booked a $US239 million ($A230 million) loss for 2012 as a result of a $4.6 billion impairment charge relating to cost blow-outs at its Minas-Rio project, weak commodity prices and increased cost pressures.

Anglo posts $239M loss amid year of write-downs Anglo posts $239M loss amid year of write-downs Anglo posts $239M loss amid year of write-downs Anglo posts $239M loss amid year of write-downs Anglo posts $239M loss amid year of write-downs

The global mining company reported that its group underlying operating profit fell 44% from the previous financial year to $6.2 billion.

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