14
Dec
06:33
IGO could record further write-down for Cosmos
Australian miner IGO is likely to record a further impairment against the Cosmos nickel project in Western Australia in the company’s first half FY24 results, Kallanish notes.
IGO says in a statement that the firm has halted the construction of the project.
While the firm has not yet concluded its review, it continues to assess life-of mine scenarios for the project.
“IGO will transition to an ore trucking operation in the interim, rather than util…
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Very good overview of the weekly steel market.
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