Miner Anglo American plunges into US$1.5bil net loss in 2012


LONDON: Miner Anglo American posted an annual net loss of US$1.49bil after taking a US$4.6bil hit on the value of its Minas-Rio iron-ore project in Brazil and platinum assets.

The loss after taxation compared with a net profit of US$6.17bil in 2011, Anglo said in a results statement.

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Business , Business , anglo american , iron ore , mining

   

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