Glencore Xstrata Xstrata wrote inherited from 7.7 billion dollars of assets, reduction in value of the business in the early stages of development, as it fell on Tuesday announced a profit than expected.
4520000 hit its Murrin Murrin nickel operations in Australia and $ 324 million aluminum giant Rusal share.
Glencore Xstrata's impairment did not break, it is expected that most of the pain has been miners projects and operations, such as nickel and copper minerals - including Xstrata's $ 500 million U.S. dollars in New Caledonia Koniambo nickel business.
"We just value the business of a blank sheet of paper, saying that we acquired," Chief Financial Officer Steven Kalmin said.
"Obviously, we have taken a very conservative approach in the current environment values, including new construction, Xstrata has committed to spending the early stages of the project area."
Glencore said its half-year adjusted core profit - interest, taxes, depreciation and amortization (EBITDA) - fell by 9% to $ 60 billion, the high end of analysts' expectations.
Net profit of over 20 billion U.S. dollars, once again predicted the top, while in the same period last year fell by 39%.
Glencore's management is not strange, Xstrata's 34% equity traders in miners Xstrata's assets has been reviewed as the landlord in the past three months, they had expected the book a hit along the girl's results.
Analysts and industry sources said on Sunday group, mostly former Xstrata asset writedowns could reach 7 billion to $ 50 billion.
Glencore completed the acquisition of the company Xstrata 5 months, the end of a marathon Chief Executive Ivan Glasenberg and sectors of the biggest acquisitions.
Said on Tuesday that the group integration progress than expected to achieve cost savings and synergies might be "excess" previous guidance of $ 500 million annually material.
Estimated market integration, progress and cost savings associated Sept. 10 update.



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