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  • November 28, 2014
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Results 1 - 10 of 497 for citic resources

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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. 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 ...

  5. Business - China Business - BRIEFS


    Posted Aug 27th 2012, 12:00am

    ... Dip in first-half profit at Citic Resources Citic Resources Holdings, the energy and metals arm of state-backed conglomerate Citic Group, reported that first-half profit fell 42 per cent, after last year's income for the same period was boosted by the sale of a stake in MacArthur Coal. Net income fell to HK$228.1 million in the six months to June from HK$393 million ...

  6. 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 ...

  7. 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 ...

  8. Rights issue to cut debt levels at Citic Resources

    Posted May 05th 2011, 12:00am

    ... Eric Ng Citic Resources Holdings, the oil and non-ferrous-metals arm of state-backed conglomerate Citic Group, plans to raise HK$2.5 billion through a rights shares issue to cut debt and fund future investments. Despite major paper losses on its investment in Citic Resources, major shareholder Temasek Holdings, Singapore's sovereign wealth fund, has joined Citic Resources ...

  9. Citic Resources looks to New Zealand project

    Posted Aug 30th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Citic Resources Holdings, the energy and metals arm of state-backed conglomerate Citic Group, is considering funding a coking coal project in New Zealand ... on New Zealand's South Island for five years. Citic Resources would provide up to US$40 million in funding for the project, which has 47.1 million tonnes of coking coal reserves. Coking coal ...

  10. Citic Resources puts up cash for development

    Posted Mar 29th 2011, 12:00am by Eric Ng

    ... Eric Ng Oil and metals producer Citic Resources Holdings has budgeted US$176 million this year for its share of the development of its 90 per cent-held Yuedong offshore oilfield northern ... in Indonesia. A delay in Yuedong's development last year due to freezing weather meant an annual peak output of 1.5 million tonnes would not be reached until 2015. Previously, Citic planned a peak ...




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