China Vanadium Titano-Magnetite Mining (HKG:0893) expects an attributable loss of up to 22 million yuan for 2024, compared with a net profit of 9.7 million yuan a year prior, a Thursday filing with the Hong Kong bourse said.
The iron ore mining company attributed the anticipated loss mainly to the temporary suspension of operations at the Maoling-Yanglongshan Mine from July to November 2024, non-cash accounting impairment losses, and a lower trading business volume.
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