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


Video
22 July 2026

Wartsila: ECAs need to up emerging market risk

TXF spoke with Andreas Back, Product Security Development Manager at Wartsila to outline the major challenges and opportunities for major EPCs tapping ECA support, as well as...

Perspective
24 July 2026

GCC: When ECAs hit the country ceiling

Fragmented Gulf procurement, tighter local liquidity, strained country limits and Saudi-scale ambition are forcing ECAs beyond the classic tied facility. Shopping lines,...