OZ Minerals slumps on writedown

Group takes $231m impairment in first half on poor gold, copper prices.

A slump in gold and copper prices has forced Oz Minerals (OZL) to write down the value of its assets by $231 million after tax, driving the company to a net loss for the half to June of $269 million.

The underlying net loss for the period came in at $36.1 million, much worse than the $26.4 million analysts were forecasting.


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