Who owns Sino iron ore?
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CITIC Pacific Mining Management purchased the mining rights over the property from Mineralogy, a company owned by popular entrepreneur Clive Palmer, in 2006 and initiated construction in the same year. The project employed 4,000 people during the peak construction phase.
Who owns Cape Preston mine?
As of 2016, the project is owned by Chinese state-owned Hong Kong-based CITIC Limited and according to the company represents “one of China’s largest investments into the Australian resources sector”.
Where is Citic Pacific?
Headquartered in Perth, the company was established to manage the construction and operation of Sino Iron, an integrated mining, processing and port operation supplying high-grade, low impurity iron ore product to the steel mills of Asia.
What does Citic Pacific mine?
CITIC Pacific Mining (CPM) is the company behind Sino Iron, already Australia’s biggest magnetite operation located 100km south-west of Karratha, Western Australia. CPM’s investment in downstream processing and associated infrastructure is delivering premium-quality magnetite concentrate to the world’s steel mills.
Where is Port Preston?
The maximum Deadweight is 187882t. Where is the Port? CAPE PRESTON is located at West Australia, Timor Sea in Australia at coordinates S 20° 49′ 44.58″ – E 116° 11′ 32.46″.
How much is Clive Palmer worth?
2.2 billion USD (2022)Clive Palmer / Net worth
Who owns Citic limited?
CITIC GroupCITIC Limited / Parent organization
What does Port Hedland export?
The world’s largest bulk export port, with exports including iron ore, lithium and salt.
How much is Twiggy Forrest worth?
18.7 billion USD (2022)Andrew Forrest / Net worth
Is Citic owned by the Chinese government?
CITIC Group was founded as the China International Trust Investment Corporation (Chinese: 中国国际信托投资公司; abb. CITIC), a Chinese state-owned enterprise in 1979.
Is Citic largest company in China?
Citic is China’s largest state-run conglomerate. It is engaged in a wide variety of businesses, from property development to heavy industry to resources, though its primary focus is the financial sector, including banking and securities.
Where is CPM Sino Iron located?
CITIC Pacific Mining’s (CPM) Sino Iron project at Cape Preston is located 100km south west of Karratha, in Western Australia’s resource rich Pilbara region. The largest magnetite mining and processing operation in Australia, downstream processing operations currently consist of six production lines.
What is the annual production of Sino Iron project?
The annual production of Sino iron project was 16Mt in 2017. Image courtesy of CITIC Pacific Mining Management Pty Ltd. The magnetite concentrates are shipped to China from a purpose-built port at Cape Preston. Image courtesy of CITIC Pacific Mining Management Pty Ltd.
Why work at Sino Iron?
Over the life of the project, it’s estimated more than $51 billion will be spent on local goods and services; and our specialised mineral processing facilities and associated infrastructure means a great diversity in the career opportunities on offer – we support more than 3,000 direct employees and contractors at Sino Iron.
Who is CITIC Pacific Mining?
CITIC Pacific Mining (CPM) is a wholly-owned subsidiary of Hong Kong listed company CITIC Limited. Headquartered in Perth, the company was established to manage the construction and operation of Sino Iron. The Sino iron project geologically lies near the George Palmer deposit, which is situated within the Hamerseley basin.