Iceberg: Noble needs to make further write-off

Singapore

CLAIMING that it has been acting as a whistleblower and not as a short-seller, little-known Iceberg Research on Thursday launched a further attack on Noble Group, saying the commodity trader should write off another US$315 million from the carrying value of its coal 'associate' Yancoal Australia.

"We will give more information on our identity after the third report," said Iceberg, which had earlier made allegations on Noble's accounting irregularities.