Could be for a number of reasons why assets are being impaired under AASB 136. Either future cashflow will not be as high due to the lower iron ore price value which is one of the main reasons In a deflationary environment, the recoverable amount of the asset is less than the current wdv in the balance sheet hence why the asset is written off to the recoverable amount. From an accounting this entry is a statutory requirement and has no consequence or impact on cash flows. I have to listen to Peter Kerr in his last investor call I be interested in what he had to say. If these major shareholders do reduce their interest then will call for red flags - however are still holding on course.
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