Glencore Xstrata takes 7.6 billion dollars impairment charge on Xstrata acquisition

摘要

Commodities giant Glencore Xstrata posted a 9%year-on-yearfall in underlying earnings in the first half of the year even as its marketing arm reported a solid performance, the merged entity said. A goodwill impairment of $7.6 billion was recorded in relation to the Xstrata acquisition, reflecting the broader negative mining industry environment and the heightened risks associated with greenfield and large-scale expansion projects, the company said in the first half-yearly results statement since the merger.