Peace Map Holding Limited provided consolidated group earnings guidance for the six months ended 30 September 2013. For the period the company expected that the group will incur a significant loss mainly due to (i) an impairment loss on the valuation of the mining rights of the coal mine operated by Tugrugnuuriin Energy LLC, an indirect wholly-owned subsidiary of the company, in Tugrug Valley, Mongolia is expected to be recognized. The impairment loss is subject to the results of valuation of the rights or the TNE Mine; (ii) the imputed interest expenses in respect of outstanding convertible notes and promissory note; (iii) fair value loss on financial instruments.