From the Courrier Mail tonight-
"AUSTRALIAN Magnesium Corp Ltd may write off the entire $800 million value of its mothballed Stanwell magnesium project, tonight warning it will report a major loss this year."
Another win for the Chinese.
Goto below for all the details-
http://www.couriermail.news.com.au/common/story_page/0,5936,6641687%255E1702,00.html