CAPITAL MARKETS

BHP to post massive impairment charge

BHP Billiton will cop a $US2.1 billion ($A3.2 billion) impairment charge relating to its Ravensthorpe and Yabulu nickel operations, after falling nickel prices and weakening demand pushed the mining major to review the assets.

Charlotte Dudley
BHP to post massive impairment charge

"The impairment of the Ravensthorpe and Yabulu operations is mainly due to the significant deterioration in the nickel market, which has seen a dramatic fall in demand, coupled with changes in the rate...

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