Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down

Brazilian miner Vale SA , the world's top nickel producer, will write down its New Caledonia mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter, the company said on Tuesday in a securities filing.

from Reuters: Company News https://ift.tt/35DvQsB