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Samsung faces significant financial losses in its initial venture into mining, with Samsung C&T reporting a loss of at least $700 million over two years. The company's construction arm incurred substantial losses while building one of the world's largest iron-ore mines. Samsung's mining endeavor suffered from a combination of unfortunate circumstances and internal missteps, reflecting the broader challenges faced by companies involved in the mining sector amid falling commodity prices.
Wednesday, 13 July, 2016