Japan’s JXTG expects $606 mln impairment loss for Caserones copper project

JXTG, Japan’s energy and metal conglomerate, expects to post an impairment loss of 65 billion yen ($606.8 million) for its Chilean Caserones copper project following a series of production problems last year.

The 65 billion yen bill was attributed to changes in the mining plan due to a fault in an ore pit and a review on long-term production plan, the majority owner of Caserones copper mine said on March 28.

Losses are likely to extend into this year amid high production costs arising from the...


Julian Luk

April 05, 2018

13:10 GMT