CAPITAL MARKETS

Impairments hit Grange's first half figures

A LARGE impairment on the carrying value of Grange Resources’ Savage River iron ore assets in Tasmania has resulted in a $A79.8 million half-year loss for the magnetite producer.

Jack McGinn
Impairments hit Grange's first half figures

Grange reported an after-tax statutory loss of $79.8 million over the six months to the end of June, a result largely driven by the $161.6 million non-cash impairment on the carrying value of Savage River...

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