IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
The ability of mining giant Vale (VALE.N: Quote) to execute on its capital spending plans will be paramount for its stock to rise, according to a Morgan Stanley report on Monday.
Analysts Carlos de Alba and Bruno Montanari said that Peru’s Bayovar, Vale’s first greenfield project outside Brazil, “offers a good example that the company can deliver.”