Tag: Sino Iron project

Clive Palmer expands WA operations

Clive Palmer expands WA operations

CLIVE Palmer’s company Mineralogy has announced the expansion of operations in Western Australia – entering into a long-term lease of a 1100sqm commercial property in Perth. Mr Palmer said Mineralogy has received vast wealth from WA, and it was now looking at expanding operations and reinvesting funds back into the state. The company’s George Palmer Deposit (part of the Balmoral magnetite deposit) hosts the Sino Iron Project, one of the world’s largest magnetite iron ore projects, operated by Citic Pacific Mining. “Nobody expected back in 1985 that this project would be so successful and create so much wealth for this country,” Mr Palmer said. “The Sino operation profits in Australia and China grew by 88pc in the last 12 months…

CITIC Pacific: Next phase production

CITIC Pacific: Next phase production

All Images: CITIC Pacific Mining. BY CAMERON DRUMMOND A LEGAL stoush between Mineralogy and CITIC over royalty payments from the Sino Iron project is awaiting decision by the WA Supreme Court, and could affect up to 2600 workers currently involved with the operation. Although beleaguered by mounting costs, court battles and a volatile iron ore price, CITIC Pacific Mining remains confident its Sino Iron project in the Pilbara will become a stalwart of the WA mining scene, contributing 24 million tonnes per year (mtpa) of magnetite ore to its steelwork counterparts in China. Headquartered in Perth, CITIC Pacific Mining (CPM) was established to manage the construction and operation of the Sino Iron project, an integrated mining, processing and port operation…