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Glencore swings to loss on write-downs and collapsing coal, metal prices

Cecilia Jamasmie | March 01, 2016 | 4:46 am Base Metals Energy Top Companies Africa Asia Australia China Europe Latin America Coal Copper 

Beleaguered miner and commodity trader Glencore (LON:GLEN) unveiled Tuesday the extend of the damaged caused by the current mining downturn, logging an annual loss of $8 billion and $5.8 billion of charges. The company, the second-worst performer in the FTSE...

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