22
Mar
05:50
Hengjaya approvals delay drags on Nickel Industries EBITDA
Australian miner Nickel Industries’ earnings before interest, taxes, depreciation, and amortization (EDITDA) during March quarter will be dragged down by delayed approvals at the Hengjaya nickel mine in Indonesia, Kallanish notes.
The firm says in a statement that due to the delayed approvals, the firm’s EBITDA is expected to be in the range of $65 million to $75 million during March quarter, which will be significantly lower than $113.2m a year ago.
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