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Manganese writedowns push South32 to $1.7bn half-year loss

Australia’s South32 on Thursday reported a first-half loss of $1.7-billion, hurt by big writedowns for its manganese and energy coal businesses. South32 is the dominant global producer of manganese, and has interests in alumina, silver, nickel and coking coal – industrial mainstays hard hit in the wake of China’s economic pullback.