Wednesday 28 January 2015

Otmane El Rhazi : Anglo to parry with noncash impairment as price plunge bites

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Given the sharply lower commodity price environment, particularly for bulk commodities, Anglo American said on Wednesday that it expected to record noncash impairment charges in its 2014 results. The London- and Johannesburg-listed diversified major added in a media release that full details of the 2014 financial year impairment charges would be provided when the company published its 2014 preliminary results February 13.

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