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  • August 23, 2014
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  1. Business - Commodities - COURTS

    Citic Resources sues Qingdao Port for US$108m compensation

    Posted Jul 29th 2014, 02:34pm by CHIM SAU-WAI

    ... probe into alleged fraud at Qingdao port, two bankers assisting with the investigation said last month. Qingdao Port quoted a litigation document as saying that Citic Resources claims ... to deliver the metals. Citic Resources declined to comment on the announcement. Yu Shengping, a vice-minister in Qingdao Port International's legal department, told the South China Morning Post ...

  2. Business - Commodities - LAWSUITS

    Citic Resources sues for return of metals stored at Qingdao port

    Posted Jul 09th 2014, 05:20am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Company files court action over missing stocks at the port following probe into financing fraud Citic sues for return of metals stored in Qingdao Citic Resources Holdings has launched legal action against the warehouse operator at Qingdao port for its missing alumina and copper stocks. Citic said in an update to the Hong Kong stock exchange ...

  3. Business - Commodities - METALS FINANCING PROBE

    Citic Resources unable to secure all its metal at scandal-hit Qingdao port

    Posted Jun 18th 2014, 02:54pm by Reuters

    ... Reuters in Shanghai Citic secures only partial stores of metal at Qingdao Citic Resources said yesterday a court has been unable to secure more than 120,000 tonnes of alumina worth about ... been at the centre of a probe looking into whether a private metals trading firm, Decheng Mining, used multiple warehouse receipts for the same metal cargo to obtain financing. Citic Resources ...

  4. Rights issue hits Citic Resources shares

    Posted Jun 03rd 2008, 12:00am by Carol Chan

    ... Carol Chan Shares in Citic Resources Holdings fell as much as 10.4 per cent intraday yesterday after it proposed a HK$2.52 billion rights issue. The oil and metals production and trading ... to lower the company's debt, fund investments and aid expansion. Citic Resources plans to raise crude output 13 per cent its Kazakhstan field to 40,000 barrels a day this year from 35,500 ...

  5. Business - Commodities - MINING

    Tycoon slams China firms' 'rape' of Australian resources as Citic Pacific mining row continues

    Posted Feb 07th 2014, 04:32pm by AFP

    ... at Port Preston. Sino Iron and Citic Pacific seem to think they can take our resources without paying for them. I will not stand by and see Australian interests raped and disrespected Clive Palmer, tycoon Palmer lashed out at Citic after a court ruling on Thursday in his favour on the port, accusing the Chinese of having “occupied the port and shipped Australian resources to China ...

  6. Citic Resources raising $391m in top-up

    Posted Feb 03rd 2004, 12:00am by Staff Reporter

    ... Nichole Chan Citic Resources Holdings, a Hong Kong-listed plywood maker, is raising HK$391.5 million via a top-up placement of 270 million existing shares at $1.45 each, according ... for Citic Resources after its issue of 750.41 million new shares in the company to Citic Australia, a wholly-owned subsidiary of Citic, at HK$1.45 each to purchase the entire issued share capital ...

  7. Business - Commodities

    Citic Resources mulls bid for Glencore's Peru copper mine

    Posted Sep 04th 2013, 12:00am by BLOOM

    ... Bloomberg Glencore selling US$5 billion project to obtain Beijing's approval for its takeover of Xstrata Citic Resources mulls bid for copper mine in Peru Citic Resources ... as part of an agreement to obtain Chinese regulatory approval for its US$29 billion takeover of Xstrata this year. Calvin Lam, a Citic Resources investor relations manager, said the company did ...

  8. Corrections & clarifications

    Posted Apr 23rd 2008, 12:00am by Staff Reporter

    ... The article, 'Citic eyes US$800m mining spin-off', published on Monday should have identified Kong Dan as the current Citic chairman. ...

  9. Business - China Business

    Business Digest, February 4, 2013

    Posted Feb 04th 2013, 12:00am by Bloomberg, Toh Han Shih

    ... much competitive advantage either," Zhou said. Bloomberg   Citic Resources warns of major loss for 2012 Citic Resources expects to post a significant loss for last year, partly because of a decline in the results of its Hong Kong-listed subsidiary Citic Dameng and weak manganese prices. The non-cash impairment loss from Citic Dameng is expected to be substantial, and Citic Resources ...

  10. Business - Commodities - ACQUISITIONS

    Citic Resources says no to aluminium smelter purchases

    Posted Feb 26th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com The energy and metals arm of state-owned Citic Group will be 'cautious' about new asset deals Citic says no to smelter purchases Citic Resources ... total," Zeng said. "But aluminium demand is expected to continue to rise, with demand from automobiles being one of the driving forces." Zeng was speaking a day after Citic Resources ...




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