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MACA recognises impairment due to poor PCI coal market

CONTRACTOR MACA has recognised an impairment of A$48 million in relation to a receivable of $56 million from client Carabella Resources.

Staff Reporter
MACA recognises impairment due to poor PCI coal market

The impairment follows the impact of the COVID-19 pandemic and a further deterioration in the PCI coal market. A loan of $26.8 million to Carabella is also outstanding. In addition, MACA has reassessed...

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