06
Apr
10:37
CITIC, Mineralogy agree magnetite expansion
China's CITIC Group may complete its Western Australian mine transaction with Clive Palmer within the next six months. This will allow CITIC to develop a new 1-billion-tonne iron mine on the coast of Western Australia, south of Port Hedland, Kallanish notes.
According to the Supreme Court of Western Australia's judgment last week, CITIC will pay Clive Palmer a large royalty fee to obtain a settlement. The two parties had previously disputed the mining righ…
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