China Vanadium Titano-Magnetite Mining Company Limited provided group earnings guidance for the year ended 31 December 2018. The board of directors of the Company informed the shareholders of the Company and potential investors that based on the preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2018, the Group is expected: to continue to record a loss for its (i) operating mines of low-grade or low Fe iron concentrates as a result of lower-than-expected utilisation rates and significantly lower average selling prices (which fell by 9.3% on average); and (ii) suspended production facilities and inactive mines given impairment losses as assessed in accordance with the Group's accounting policies; and to record net profit and positive cash flows for its operating mines of high-grade iron concentrates as a result of increased market demand, higher average selling prices and focused strategies to improve efficiencies for production of high-grade iron concentrates. However, the Group's net loss, including impairment loss recorded for Low Fe and Inactive Mines, is expected to outstrip the profit derived from High Fe Mines, a trend continued from the six months ended 30 June 2018.