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14 Mar
03:02

Southern Alliance Mining expects lower net losses

Malaysia-based iron ore producer Southern Alliance Mining expects to report a lower net loss in the first half of FY2024 amid improved iron ore prices, Kallanish notes. The firm says in a statement that based on a preliminary review of the group’s unaudited financial results for the six months ended 31 January 2024, the firm is expected to report a turnaround from gross loss to gross profit and a significantly lower net loss for the first half compared to th…
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