IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
One of 2010’s glamour floats in Australia, Middle Island Resources Ltd (ASX: MDI) has decided to join some global majors, including BHP Billiton and Arcelor-Mittal, in moving into the Liberian exploration scene.
The strong support for Middle Island came largely from the fact it’s principal Rick Yeates, had developed one of Australia’s most successful international mining consultancies RSG Global (subsequently taken over by Coffey International) which had a big focus on Africa.
