China Vanadium Titano-Magnetite Mining Company Limited provided consolidated earnings guidance for the year ended December 31, 2017. For the period, the group expects to record a loss and total comprehensive loss attributable to owners of the company for the reporting period while the net loss for the reporting period is expected to narrow to not more than approximately RMB 400.0 million, compared to the net loss of approximately RMB 773.7 million for the corresponding period in 2016. The lower net loss for the reporting period as compared to the corresponding period in 2016 was due mainly to the higher selling prices for the group's self-produced products, improved economies of scale, the lower fixed operating costs thus leading to the improved operating margins and the lower impairment losses as a result of the year-end assessment of recoverable amounts of those assets for the reporting period following the group's efforts in streamlining operations and rationalising assets.