Noble Group Blames Coal Price Collapse as Writedowns Mount

Updated on
  • About half of $1.2 billion charge taken on long-term contracts
  • Cashflow is positive in second-half ahead of full-year loss

Noble Group Ltd. blamed the tumble in coal prices for an additional $1.2 billion in charges that will force the embattled commodities trader to post its first full-year loss in almost two decades.

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