Citic assessing options after Palmer awarded $US149m

Chinese group CITIC is evaluating its options after the Supreme Court ruled on Friday that it owed Clive Palmer nearly $US150 million in royalties on its Sino Iron project in the Pilbara.

Citic said it was disappointed with the Supreme Court Judgment, but was guarded in its response.

“The Judgment is lengthy, addressing a number of complex issues,” the company said in a statement to the Hong Kong stock exchange.


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WA export revenue

11th↑Mineral Resources$1.50bn
12th-CITIC Pacific Mining$1.20bn
13th-Atlas Iron$871.0m
14th↑Cliffs Natural Resources$813.0m
49 exporters ranked by WA export revenue most recent financial year

Number of Employees

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