Citic Pacific said it was moving into the initial production phase at its US$8 billion iron ore project in Australia, following years of delays at one of China’s costliest offshore mining...
- Thu
- Oct 3, 2013
- Updated: 5:30pm
Citic Pacific
CITIC Pacific (Hong Kong stock code 0267.HK) is a Hong Kong-based conglomerate which is majority owned by China’s Citic Group in Beijing. Its activities span property, metals and mining, telecoms, and consumer products and its subsidiaries include CITIC Pacific Mining, CITIC Pacific Special Steel and Dah Chong Hong Holdings.
22 May 2013
In the course of a lawsuit, Australian tycoon Clive Palmer dropped his demand that a mining agreement signed between Citic and his firm, Mineralogy, in 2006 be terminated, eliminating the risk...
3:43AM
22 May 2013
China’s CITIC Pacific has lost round one of a fight over royalties that Australian tycoon Clive Palmer claims he is owed from the Sino Iron project, but no longer faces the threat of losing the US...
8:35AM
16 May 2013
The embattled property-to-steel conglomerate Citic Pacific is still working to resolve technical challenges as it seeks to get its iron ore mining project in the Pilbara region in Western...
3:21AM
13 May 2013
It's not just difficulties with a mammoth mining project in Australia that have left Citic Pacific's risk management capability under unwelcome scrutiny.
5:38AM
13 May 2013
China's state-backed construction firms have earned an enviable reputation for their competitiveness in delivering huge infrastructure projects on time and under budget at home. But that...
5:35AM
3 comments
A judge has expressed reluctance to let the Australian tycoon Clive Palmer cancel a A$215 million (HK$1.71 billion) mining right transfer agreement signed seven years ago with the Beijing-backed...
5:16AM
Our piece on poor shareholder behaviour at Pacific Basin's AGM last week has stirred the memory of Richard Witts who was the secretary and general manager of the Hong Kong stock exchange in the...
4:45AM
Australian tycoon Clive Palmer, who is in a court dispute with Citic Pacific over iron ore royalty liabilities, has said the conglomerate's recent decision to swap external auditors for the first...
3:17AM
Metallurgical Corporation of China (MCC) has written off three billion yuan (HK$3.76 billion) on its much-delayed Sino Iron project in Western Australia, which recently went over budget for the...
3:28AM
Relations between the Australian mining billionaire Clive Palmer and the Hong Kong-listed but state-owned Citic Pacific are not getting any better. Their dispute centres on what can best be...
4:32AM
Citic Pacific saw its share price drop 5.5 per cent yesterday after analysts slashed profit estimates, following disappointing annual results and amid concerns that the company's Australian iron...
4:17AM
3:51AM
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23 Sep 2013
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