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Currency bets bite CITIC, but Sino Iron will go ahead

THE development of the $US4.2 billion ($A6.3 billion) Sino Iron magnetite project in the Pilbara ...

Kate Haycock

CITIC's share price has tumbled by more than 50% in Hong Kong this week after the company revealed it had lost around $US2 billion on currency hedging contracts as the Australian dollar has tumbled. ...

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