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....

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