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Sherritt flags Ambatovy write down

Nickel price drop takes its toll on Madagascar joint venture as $2.4 billion is written-off

Mining Journal
Ambatovy was scheduled to produce 45,000–48,000t of nickel and 3,500-4,000t of cobalt in 2015

Ambatovy was scheduled to produce 45,000–48,000t of nickel and 3,500-4,000t of cobalt in 2015

The Ambatovy joint venture nickel operations in Madagascar will be written down by around US$2.4 billion in 2015, 40% stakeholder and operator Sherritt International has announced. Following a sizeable...

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