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15 Feb

BHP flags $2.5 billion impairment on nickel operations

Global miner BHP said Thursday it will recognise an impairment of the carrying value of the Nickel West operations and West Musgrave project (Western Australia Nickel), Kallanish notes.    That’s roughly $2.5 billion post tax, the company said in a statement. The impairment reduces the carrying value of Western Australia Nickel’s net operating assets to negative $300 million, including closure and rehabilitation provisions of approximate…
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