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CITIC warns of Sino Iron impairment

WA project could face up to US$1 billion writedown

Kristie Batten
The Sino Iron magnetite mine in WA is under threat of suspension

The Sino Iron magnetite mine in WA is under threat of suspension

The Hong Kong-listed company said the estimated impairment of US$800 million to US$1 billion was the result of a review of carrying values. CITIC is due to report its full-year results before the end...

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