Mirabela Nickel Reports Impairment Charge for Santa Rita Assets

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.

Click here to read the full Mirabela Nickel Limited (ASX:MBN, TSX:MNB) press release.

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Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

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