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Mirabela Nickel Reports Impairment Charge for Santa Rita Assets
Feb. 14, 2013 06:29PM PST
Base Metals Investing 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.
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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