Feb 12, 2016

Mayne: major miners join the write-down club as Cochlear soars

Mining companies have been thoroughly inconsistent on the write-downs question this season.

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

Mining giant Rio Tinto joined the write-downs club in a major way last night when it revealed a disappointing US$866 million net loss for 2015.

Unfortunately, we’re yet to see how that has impacted on management bonuses because Rio Tinto has remained one of those companies that is not releasing its remuneration report with the full-year result.

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