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Orica posts $1.3B loss

THE mining slowdown continues to bite with explosives and mining chemicals maker Orica announcing a $1.27 billion net loss after tax for the financial year ended September 30.

Noel Dyson
Orica posts $1.3B loss

This loss included a non-cash impairment post tax of $1.7 billion on its ground support business, ammonium nitrate assets and various other assets across the company. Before the non-cash impairment...

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