Citic Pacific Mining News

CITIC goes after Palmer’s Mineralogy over iron ore project claims

Aussie mining tycoon Clive Palmer is being sued by China’s largest conglomerate, CITIC, over his alleged “refusal” to co-operate in making more land available on a major iron ore project in Western Australia.

Aussie mining tycoon Palmer promises ‘truth’ on massive job cuts at his nickel refinery

He said he would open up after a creditors meeting next week in Townsville, where his his Queensland Nickel company is based.

Clive Palmer’s Mineralogy takes Citic to court in A$10 billion lawsuit

The fresh legal action is part of an ongoing dispute between the parties over mining royalties in Western Australia.

Aussie mining magnate Clive Palmer investigated over $10 million fraud

The scale of the fraud alleged against the tycoon-turned-politician may double to about A$23 million.

Aussie court stops Palmer's firm attempt to axe Citic Pacific mining rights

Today’s interim injunction prevents Mineralogy from stripping its Chinese business partner from its iron ore mining rights in the Pilbara.

Australian mining mogul apologizes to China over 'mongrels' remarks

In a letter to China's ambassador to Australia, Clive Palmer expressed regret for "any insult to the Chinese people caused by any of the language" he used.

Aussie mining tycoon Palmer's aversion to China just went a bit too far

Clive Palmer has come under fire for labelling the Chinese government “mongrels” and “bastards” on national television.

4 years late, $6bn over budget Sino Iron fires up one 4mtpa line

China's Citic Pacific's $8 billion magnetite mine in Australia has finally gone into production.