The board of directors of the North Asia Resources Holdings Limited announced that, based on the information currently available to the board, the group is expected to record a significant loss for the six months ended June 30, 2015. The loss during the period under review was mainly attributable to the impairment loss recognised in respect of mining rights and property, plant and equipment as a result of the delay in commercial operations of the relevant mines as mentioned herein and the drop in coal price. As at the date hereof, since no valuation on the current fair value of the mining operation is available yet, the Group is not able at this stage to quantify the loss for the six months ended June 30, 2015.
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