Glencore and BHP Reveal Profit Slide - Presented by: The Aol. On Network

Pummeled by billions of dollars in writedowns since the start of the year, with cooling prices and dented demand, two mining giants reveal their half-year results. A write down of assets inherited from miner Xstrata cost Glencore Xstrata over 7 and a half billion dollars. It announced a 9 percent drop in core profit. But improved output from mining operations in copper and coal helped to cushion the full impact of weaker prices.



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