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.

OM books loss in challenging market OM books loss in challenging market OM books loss in challenging market OM books loss in challenging market 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

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