22
Feb
13:28
NICKEL, COPPER: Antofagasta impairs value of Twin Metals project
Copper producer Antofagasta has decided to fully impair the $178 million carrying value of its planned Twin Metals copper-nickel-cobalt-platinum mine in Minnesota, after the Biden administration cancelled two leases for the $1.7 billion project, Kallanish reports.
That 26 January decision by the US Department of the Interior is likely to be challenged in court, says the company with headquarters in the United Kingdom.
“Twin Metals believes it has a valid le…
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Very good overview of the weekly steel market.
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