UPDATE 2-Australian Magnesium project hopes dive


(Recasts, adds analyst comment, updates shares) By James Regan SYDNEY, June 24 (Reuters) - Australian Magnesium Corp's plan to mine and process the light metal for Ford Motor Co and others was thrown into doubt on Tuesday as it warned of write-downs of up to A$800 million ($536 million) after cost overruns crippled the project. Australian Magnesium (AusMag) shares crashed as much as 74 percent after a three-week trading halt was lifted and analysts said the A$1.5 billion proposal to ...

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