IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Australia said on Wednesday it would consider Chinese ownership when deciding whether companies qualify for tax credits under a new program of incentives and support for the critical minerals sector.
Chinese ownership would be among the questions considered when asked if it would affect a company’s eligibility for the tax credits, Resources Minister Madeleine King said.
“We do have a design program, and a few of those matters will be taken into account, and that’s why we don’t introduce it tomorrow,” she said at the Australian Financial Review mining conference in Perth.
(By Melanie Burton; Editing by Tom Hogue)
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