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 world’s largest contract miner, the Leighton Group, yesterday officially launched its operations in Africa at Mining Indaba 2012 in Cape Town, South Africa. The Leighton Group is a leading international contractor and the world’s largest international contract miner. The group, which operates across Australia, the Pacific, Asia, the Middle East and now Africa, has annual revenues of almost $20 billion and work in hand of over $45 billion. Leighton Africa has been established to capitalise on the growing opportunities in the African mining industry. Although initially focusing on opportunities in contract mining and mine infrastructure, the company intends to pursue opportunities in other sectors including civil infrastructure, rail and oil & gas. (more…)
