February 21, 2018 / 12:39 PM / in 6 months

BRIEF-KGHM flags $90 mln of impairment charges in 2017

Feb 21 (Reuters) - KGHM Polska Miedz SA:

* Europe’s No. 2 copper miner, the Poland-based KGHM, says tests have indicated impairment charges worth $90 million to be sustained by the company in 2017

* KGHM says tests have shown that an impairment charge worth $118.3 mln related to the Canadian Sudbury project is justified

* An impairment charge worth $64 mln related to the Canadian Ajax project is also justified, KGHM says

* KGHM also says reversal of some of $92.7 mln of an impairment charge related to the U.S. Robinson mine is justified

* KGHM says the final value of the impairment charges could still change

* Says tests have not shown justification to change the estimated value of KGHM’s other mining assets Source text for Eikon: Further company coverage: (Reporting by Warsaw bureau)

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