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
05 May 2026

Glencore scales new peaks with Project Matterhorn

Glencore has entered the securitisation market for the first time with an industry-leading receivables transaction. The challenges involved were significant, even for a...

Video
05 May 2026

Trade waits for no-one: Nexent Bank on navigating volatility

Selim Caydamli, global head of structured trade & commodity finance at Nexent Bank, joins the TXF In-Depth podcast to discuss geopolitical turmoil and the importance of...