BHP Records Big Impairment on US Onshore Assets

摘要

Massive writedowns related to low commodity prices in the US onshore and a dam failure in Brazil led mining and energy giant BHP Billiton to post a net loss of $6.4 billion for the 12 months ended on Jun. 30. The Australia - based firm took a net impairment charge of $4.9 billion on its US onshore assets for the 2016 fiscal year due to low oil and natural gas prices.