KM Financial Solutions | REFILE-China’s CITIC estimates up to $1 bln impairment on Australia’s Sino Iron project
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REFILE-China’s CITIC estimates up to $1 bln impairment on Australia’s Sino Iron project

REFILE-China’s CITIC estimates up to $1 bln impairment on Australia’s Sino Iron project

HONG KONG, March 12 (Reuters) – Chinese conglomerate CITIC
Ltd said it would book an impairment of $800 million
to $1 billion on the value of its Sino Iron project in Australia
for fiscal 2017.

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