Search
Transshipping is used at Citic's Sino Iron magnetite mine. Photo: Tony McDonough

Citic warns of Sino suspension in Mineralogy dispute

Chinese company Citic has recorded a first-half loss at the Sino Iron magnetite mine in the Pilbara, while warning that the ongoing tussle with tenement holder, Clive Palmer’s Mineralogy, means production at the project could eventually be suspended.

The resources and energy arm of Citic, which includes Sino operator CITIC Pacific Mining, posted a loss of $46 million in the six months to June, although the exact contribution of the Western Australian project was undisclosed.

The $10 billion Sino Iron project started operation in 2013, with commissioning of all processing lines completed in July 2016.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

WA export revenue

10th↑South32$1.70bn
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

BNiQ Disclaimer