News
27 November 2019

Vale faces $1.6 billion charge for Q4 in New Caledonia write down

In:
Metals and Mining
Region:
Americas

Nickel producer Vale is to write down its New Caledonia mine and suffer a non-cash impairment charge of about $1.6 billion in the fourth quarter. Vale has also announced that its annual base metals and coal assets review is still underway and further impairment charges in 2019 cannot be ruled out....

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
27 March 2026

Has the ECA untied lending bubble burst?

Untied export finance volumes dropped significantly in 2025 compared to recent years despite a vintage year for ECA business. Is the fall in activity anomalous, cyclical, or...

Interview
02 April 2026

KEXIM adapts to support the project cycle

TXF spoke with Sang-Jin Ju, KEXIM’s executive director of project finance, to outline the ECA’s activity and how its adapting support to Korean EPCs in overseas PPP markets...