Mincor widens loss to nearly A$35m

February 9, 2016

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The decision to mothball its Western Australian mines amid a nickel price slump has resulted in Mincor Resources widening its half-year loss from A$1.89-million in the first half of 2015 to A$34.69-million in the six months to December.

Mincor on Wednesday reported asset impairments of about A$13.9-million, as well as redundancy and inventory write-down costs of A$3.45-million during the period under review.

Category: General