Newcrest lifts write-downs again

Goldminer Newcrest has written down its assets even further after a $6 billion asset impairment two months ago.

Newcrest Mining Ltd's asset writedowns have blown out by $200 million to $6.2 billion on the falling Australian dollar, two months after the gold miner shocked the market with its original announcement.  

In a statement to the Australian Securities Exchange, the miner flags $6.2 billion in total writedowns for fiscal 2013, compared with a previous estimate of $5 billion to $6 billion.

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