Mirabela Nickel Reports Impairment Charge for Santa Rita Assets

Mirabela Nickel Limited (ASX:MBN, TSX:MNB) announced that it expects to recognize a non-cash impairment charge which amounts to US$380M on its 2012 results.

As quoted in the press release:

The Company identified impairment indicators such as a significant decline in the market value of entities producing the same commodity, declining nickel prices, and a reduction in market capitalisation.

Click here to read the full Mirabela Nickel Limited (ASX:MBN, TSX:MNB) press release.