North Asia Resources Holdings Limited provided earnings guidance for the year ended 31 December 2014. The board of directors of company announced that, based on the information currently available to the Board, the Group is expected to record a significant loss for the year ended 31 December 2014. The loss during the year under review was mainly attributable to the impairment loss recognised in respect of mining rights as a result of the delay in commercial operations of the relevant mines as mentioned herein and the drop in coal price; and the increase in finance costs.
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