18
Jul
04:00
IGO to impair up to $667 million for Western Areas projects
Australian miner IGO expects to record a non-cash, pre-tax impairment expense of between AUD 880 million ($600.53m) and AUD 980 million in its financial results for the year ending 30 June 2023, Kallanish notes.
The impairment relates to the assets it acquired from Western Areas (WSA) last year. It comes from the reassessment of the accounting value at Cosmos and Forrestania nickel projects in Western Australia to reflect higher capital and operating …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous