Mirabela to take hit on Santa Rita PDF Print E-mail
Thursday, 14 February 2013 14:36

Mirabela Nickel says it expects to take a $US380 million non-cash hit on its Santa Rita nickel mine in Brazil.

The big impairment charge is based a significant decline in the market value of nickel projects worldwide, declining nickel prices and a reduction in market capitalisation.

Mirabela said the writedown of Santa Rita was subject to board approval and external audit and the estimate provided might vary.


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