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  1. Business - Comment - LAI SEE

    Sino Iron fiasco has Clive Palmer changing his attitude to China

    Posted Aug 23rd 2014, 01:03am by Howard Winn

    ... with the dignity they deserve". However, his view has evidently soured. This is almost entirely to do with Hong Kong-listed Citic Pacific's Sino Iron project in Western Australia. In 2006, Palmer ... US$2 billion attempt at hedging the company's Australian dollar risk that cost chairman Larry Yung Chi-kin his job. Sino Iron and Palmer are involved in a number of legal actions. ...

    http://www.scmp.com/business/article/1579552/sino-iron-fiasco-has-clive-palmer-changing-his-attitude-china
  2. Business - Commodities - IRON ORE

    Iron ore extends losses as global surplus builds

    Posted Oct 02nd 2014, 05:40am by Bloomberg

    ... Bloomberg in Singapore Iron ore extends losses as global surplus builds Iron ore completed a third quarterly decline in the longest losing streak on record as a slowdown in China's ... of less competitive producers. The iron ore market is in the midst of a transition without precedent in recent commodity history, with a battle for survival between miners, according to Macquarie ...

    http://www.scmp.com/business/commodities/article/1607031/iron-ore-extends-losses-global-surplus-builds
  3. Business - Commodities - MINING

    Citic Pacific criticises tycoon Palmer over Australian iron ore dispute

    Posted Feb 07th 2014, 05:17am by Reuters

    ... long-delayed and massively over-budget US$8 billion iron ore project in Australia. The Sino Iron project, China's biggest offshore mining investment, was to be a key prong in Beijing's strategy to ease its dependence on the world's dominant iron ore producers, Vale, Rio Tinto and BHP Billiton. But instead it has been a disaster for Citic Pacific and its contractor, ...

    http://www.scmp.com/business/commodities/article/1422460/citic-pacific-criticises-tycoon-palmer-over-australian-iron-ore
  4. Business - Companies

    Majority shareholder to exit equipment maker Sino Golf

    Posted Sep 16th 2014, 09:50am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com Chinese golf equipment maker Sino Golf Holdings struggled in recent years to find the pin and last night its majority shareholder announced ... Islands-registered firm controlled by Sino Golf chairman Augustine Chu Chun-man. Neither the potential purchaser nor the offer price was disclosed. Any sale would be contingent upon the company restructuring ...

    http://www.scmp.com/business/companies/article/1593704/majority-shareholder-exit-equipment-maker-sino-golf
  5. Business - Commodities - MINING

    Bankruptcy bid against Citic Pacific unit dropped

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... yesterday that the February 7 lawsuit to liquidate Sino Iron for non-payment of debt would not go ahead. The withdrawal follows a judge's questioning of the validity of the suit over the unpaid ... you could sue in the appropriate jurisdiction for recovery of that sum." Sino Iron, the Citic Pacific unit, spent US$8 billion, more than four times the initial estimate, building ...

    http://www.scmp.com/business/commodities/article/1430678/bankruptcy-bid-against-citic-pacific-unit-dropped
  6. Business - Commodities - COURTS

    Citic Pacific backed by judge on day one of iron ore royalties case

    Posted Apr 24th 2013, 12:00am by Bloomberg, Eric Ng

    ... Mineralogy filed a law suit seeking a court order that would let it terminate the land use and mining rights of Citic Pacific's Sino Iron division according to the agreement of 2006. However, ... sides to file additional evidence in writing by Friday. According to the agreement made in 2006, Sino Iron agreed to pay Mineralogy a royalty quarterly on raw ore "taken" by Sino Iron ...

    http://www.scmp.com/business/commodities/article/1221804/citic-pacific-backed-judge-day-one-iron-ore-royalties-case
  7. Business - Commodities - EARNINGS

    Chongqing Iron & Steel losses widen 23pc

    Posted Aug 29th 2014, 09:39am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Chongqing Iron & Steel, a medium-sized Chinese steelmaker, reported its net loss in the first half widened 23 per cent year on year to 1.38 billion yuan ... on the same period last year. Better cost controls, however, cut operating costs by 32.68 per cent to 6.32 billion yuan. In a statement, Chongqing Iron said the industry was unlikely to turn ...

    http://www.scmp.com/business/commodities/article/1581642/chongqing-iron-steel-losses-widen-23pc
  8. Business - Commodities - COMMODITIES

    Iron ore price at almost two-year low

    Posted Aug 28th 2014, 12:11pm by Reuters

    ... Reuters in London Weak players bear brunt as iron ore price declines The spot iron ore market is sinking under the weight of new supply. The benchmark price for 62 per cent iron ore ... for producers and boom times for iron-rich regions such as the Pilbara in Australia. The new iron age will be characterised by a Darwinian struggle for survival, from which only the fittest will emerge. ...

    http://www.scmp.com/business/commodities/article/1581409/iron-ore-price-almost-two-year-low
  9. Business - China Business

    Chinese oil giants PetroChina and SinoPec to spend more in second half

    Posted Sep 04th 2014, 01:09am by Reuters

    ... Reuters PetroChina, Sinopec to invest in second halfin the wake of agraft-probe squeeze Mainland oil giants to open up spending Flagship mainland oil producers are preparing to ramp up multi-billion dollar capital spending plans that were squeezed amid a ...

    http://www.scmp.com/business/china-business/article/1584744/chinese-oil-giants-petrochina-and-sinopec-spend-more-second
  10. Business - Companies - EARNINGS

    Sino Land's core earnings decline 24pc for year

    Posted Aug 28th 2014, 05:03am by Yvonne Liu

    ... Yvonne Liu yvonne.li@scmp.com Developer's underlying profit slumps 24pc for the year, hurt by lack of completed projects, but chairman notes a pickup in primary market Sino Land hit by fall in core earnings Sino Land said yesterday its underlying profit slid 24.3 per cent to HK$5.02 billion for the year to June as the lack of completed new projects weighed on its results. ...

    http://www.scmp.com/business/companies/article/1581321/sino-lands-core-earnings-decline-24pc-year

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