#Sherritt, #Sumitomo take $1.7 bln hit on #Madagascar #Nickel mine

#Canada’s #Sherritt International Corp and #Japan’s #Sumitomo Corp said on Wednesday they would book more than $1.7 billion of losses on their #Ambatovy #Nickel mine in #Madagascar, as prices at 12-year lows wreak havoc among miners.

Read more at: http://www.reuters.com/article/sumitomo-nickel-idUSL3N14X2Q620160113

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