IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Shares in Anfield Nickel’s jumped 4.2% to within striking distance of a year-high on Friday after the company released the results of the economic assessment of the Mayaniquel project in Guatemala.
Anfield said the project may generate approximately 700 permanent jobs and 800 direct jobs during the three year construction period and potentially $1.8 billion in taxes and government royalties payable to the Guatemalan government.
Anfield highlighted the following in the study:
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