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OM books loss in challenging market

OM Holdings has reported a non-cash impairment charge of $A23 million for the half-year, with an after-tax loss tipping in at $22.3 million as a result of operational issues at Bootu Creek and the slowdown of the Chinese economy.

Lauren Barrett
OM books loss in challenging market

The manganese producer said the non-cash impairment charge for the six months ending June 30 was associated with the re-evaluation of the company’s investments in Northern Iron and Shaw River Manganese....

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