BRIEF-Taiyuan Heavy Industry's Impairment Loss In 2019 Expected to Rise By About 480 Mln Yuan

Jan 16 (Reuters) - Taiyuan Heavy Industry Co Ltd :

* SAYS ITS IMPAIRMENT LOSS IN 2019 IS EXPECTED TO RISE BY ABOUT 480 MILLION YUAN ($69.77 million) AFTER EXPECTED INCOME FROM UNIT'S DRILLING PLATFORM CONTRACT WITH MEXICO'S PMM NOT ABLE TO COVER THE COSTS

* SAYS THE EXECUTION OF THE CONTRACT IS EXPECTED TO CAUSE A LOSS IN CO'S 2019 FINANCIAL RESULTS Source text in Chinese: https://bit.ly/2u6o9xu Further company coverage: ($1 = 6.8799 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)