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...Meanwhile, reduced copper and coal earnings saw pre-tax profits at Xstrata drop from $8.1bn to $2bn, including nearly $978m in writedowns and a further $636m in one-off costs....
...The recent flurry of bid activity surrounding Drax came to end on Wednesday after a consortium of US bidders withdrew its £2.23bn bid for the group, which owns Europe’s biggest coal-fired power station....
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