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Title
Writedowns near $50 billion in 2012; Mining's largest companies reevaluate projects around the world.
Abstract
The article discusses a report by the news service Bloomberg on mineral industries finance in which it was revealed that writedowns by large mining companies including Anglo American, Vale and Rio Tinto Group totaled nearly $50 billion in 2012. The writedowns are largely attributed to the effect of mergers within the industry in the decade prior to 2012.