Scalper1 News
A bid by some big mining companies to spread the risk of low commodity prices by expanding and diversifying in recent years has turned into a costly failure. Over the past 12 months, major mine owners including Arizona-based Freeport-McMoRan (FCX) and India-based Vedanta Resources have written down asset values by a combined $42.2 billion, 46% more than in the previous period, Bloomberg data show. The adjustments reflect an Scalper1 News
Scalper1 News