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CITIC warns of massive write-down at Sino

By:  
Creamer Media Senior Deputy Editor: Australasia
 
IRON-ORE
Chinese major CITIC has warned shareholders of a write-down of between $1.4-billion and $1.8-billion on its Sino iron-ore project, in Western Australia, for the 2014 financial year. The miner blamed the falling iron-ore price for the massive impairment charge.
 
 
 
 
 

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