Forge to lose $290 million

China controlled company's decision to cost Forge Group $290 million.

 China-controlled MMG has paused work on its $US1.5 billion ($1.58 billion) Dugald River zinc project in Queensland in a move that will cost Forge Group $290 million, The Australian Financial Review reports.

According to the newspaper, the decision was made following problems in the ore body dicovered by MMG.

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