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South32 exits nickel with $199M write-down

Nominal consideration for sale of Colombia’s Cerro Matoso to the ‘king of chrome’

Haydn Black
Workers at Cerro Matoso

Workers at Cerro Matoso | Credits: South32

South32 has written down its stake in the 99.94%-owned Cerro Matoso mine and ferronickel smelter in Colombia by US$130 million (A$199 million) as it sells out of nickel for a "nominal consideration" to...

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