South32 makes $1.9bn of writedowns at manganese, coal divisions

South32 flagged writedowns worth $1.9 billion against its manganese and coal assets in its quarterly report on Wednesday July 22.

The company has been informed by BHP Billiton – which it was spun out of this year – that $1.9 billion of pre-tax impairments had been recognised, effective from May...


Janie Davies

July 22, 2015

16:05 GMT