IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Mining Weekly reports Albidon’s (ASX:ALB) problems escalated on Friday after it suspended operations at its Munali nickel mine, in Zambia.
The company said in a statement that it was experiencing “serious cash flow difficulties” as the Munali operation delivered less-than-budgeted nickel recoveries and global nickel prices dropped sharply. Trade in Albidon’s stock was halted in August.
