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Big miners such as Vale, Rio Tinto and Anglo American have written down nearly $50B in...

  • Wednesday, January 30, 3:15 PM ET
    Big miners such as Vale, Rio Tinto and Anglo American have written down nearly $50B in impairment charges in the past year, and more is expected this earnings season as expensive takeovers are reassessed. BHP may trim aluminum operation valuations, and Glencore may write down some assets acquired from Xstrata. In the mining world, bigger is better: big risks, big rewards and big egos.
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    Your so called write offs, most people call the term write off slander or libel, are expenses incurred in generating income. It is a simple definition. Instead of slandering and libeling these income generating sources, you might try getting more details on these expenses so we can all better understand the real challenges they face; and I emphasize real. Obstructionism and well disguised Jackassism appear to rule and you appear to be helping these negative forces along using the slanderous and libelous term write off. It is probably just a matter of time before some smart attorney takes you to task for these slanderous and libelous assertions. Stop these slanderous and libelous assertions while you can before accusations can be made.
    31 Jan, 11:00 AM Reply Like
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