Mirabela Nickel Limited (ASX:MBN, TSX:MNB) announced that it expects to recognize a non-cash impairment charge which amounts to US$380M on its 2012 results.
As quoted in the press release:
The Company identified impairment indicators such as a significant decline in the market value of entities producing the same commodity, declining nickel prices, and a reduction in market capitalisation.
|Get our expert guide to base metals investing FREE! Download this FREE Special Report, Investing Opportunity: Using LME Prices and Base Metals News.|