#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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s