CITIC is one of China’s largest conglomerates, with interests in financial services, manufacturing and advanced materials. Its assets include the Sino Iron project in the Pilbara, developed at a cost of some $10 billion.
The project is owned by subsidiaries Sino Iron Pty Ltd and Korean Steel Pty Ltd and operated by Australian subsidiary CITIC Pacific Mining Management. It includes a mine, a magnetite concentrator, a power station, desalination plant and transhipment port.
CITIC is partially owned by the Chinese government with remaining shares listed in Hong Kong.
It has been in a long-running legal battle with Clive Palmer's Mineralogy, which holds the Sino Iron tenements.
Contact Details
Level 7, 45 St Georges Terrace
,
PERTH
WA
6000
08 9226 8888
reception@citicpacificmining.com
