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25
Mar
2015
CITIC takes HK$13.7m hit on WA iron-ore projectBy:Creamer Media Senior Deputy Editor: Australasia IRON-ORE Chinese major CITIC has reported a HK$13.7-billion noncash impairment on the Sino iron-ore project, in Western Australia, during the full year ended December.
As a result, the miner reported a drop in profit attributable to shareholders from HK$48.4-billion to HK$39.8-billion.
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