Sherritt braces for C$1.6bn impairment of nickel assets

January 12, 2016

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Nickel miner and refiner Sherritt International Corporation has cautioned the market of an expected $2.4-billion impairment of the Ambatovy joint venture (JV) assets, in Madagascar, citing lower forecast nickel prices. The expected impairment figure was based on an expected nickel price of $8.50/lb.