Mirabela Nickel Ltd., Q1 2010 Report

Nickel Investing

Mirabela Nickel Ltd., an ASX and TSX listed Brazil-focused mining company has posted a A$25,17 million loss for the quarter ended March 2010.
The press release is quoted saying:
“As at March 31, 2010, the Group had a net hedge liability position of A$138.827 million (December 31, 2009: A$20.444 million negative) reflecting the positive mark-to-market value of […]

Mirabela Nickel Ltd., an ASX and TSX listed Brazil-focused mining company has posted a A$25,17 million loss for the quarter ended March 2010.

The press release is quoted saying:
“As at March 31, 2010, the Group had a net hedge liability position of A$138.827 million (December 31, 2009: A$20.444 million negative) reflecting the positive mark-to-market value of foreign exchange forward contracts and the negative mark-to-market value of commodity (nickel and copper) contracts.”

Click here to access the entire Press Release

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