News Articles for CITIC

The full impact of the novel coronavirus outbreak has begun to weigh on the Australian economy, with aviation, commodities and education absorbing the worst of the shock.

Business News's updated ranking of WA's largest employers highlights the increased use of casual and contract staff.

OPINION: A new US meal-delivery model could make its way to Australia.

Continued Chinese investment into Western Australia could hinge on a fair outcome in the long-running dispute between CITIC Pacific and Clive Palmer's Mineralogy, according to Consul General Zhihua Dong.

Click through to read Business News's annual list of WA's 20 biggest exporters, with data on companies such as Chevron, Roy Hill, Gold Corporation and Glencore.

Nearly 160 of EC&M's 400 employees will be back at work in September, with administrators progressing deals with major clients since the business hit the wall last week.

Clive Palmer's estranged Chinese joint venture partner has largely lost an appeal over royalties from their massive iron ore project in Western Australia's Pilbara.

High-level iron ore, lithium and gold projects set pace for more than 50 developments in fresh commodities boom.

Supreme Court justice Kenneth Martin has slammed the long-running legal battle between Clive Palmer's Mineralogy and CITIC Pacific Mining as a massive, unnecessary waste of judicial resources, with both parties bearing responsibility.

Opinion: Two high-profile billionaires have the state government in their sights, and Premier Mark McGowan has some tough decisions ahead.

ANNIVERSARY SPECIAL: WA's mining industry has undergone a dramatic transformation over the past quarter of a century, with iron ore replacing gold as the state's most valuable commodity.

Clive Palmer has launched legal action against CITIC over environmental rehabilitation funds for the massive Sino Iron project in WA, just days after his estranged Chinese joint venture partner started separate litigation.

There may be some positive news for two beleaguered WA mining projects.

Perth-based Global Construction Services has been awarded a new three-year scaffolding contract at CITIC Pacific Mining's Sino Iron project south-west of Karratha.

Perth-based CITIC Pacific Mining has hit its 2017 production target of 15 million tonnes of magnetite concentrate at its Sino Iron project in the Pilbara, while also releasing a study that shows spending of $51 billion in Western Australia over the next 40 years.

Chinese group CITIC is evaluating its options after the Supreme Court ruled on Friday that it owed Clive Palmer nearly $US150 million in royalties on its Sino Iron project in the Pilbara.

SPECIAL REPORT: Roy Hill Holdings and Chevon have joined the likes of Rio Tinto, BHP, Woodside and CBH Group in an updated ranking of WA's largest exporters in the BNiQ Search Engine.

Chinese company Citic has recorded a first-half loss at the Sino Iron magnetite mine in the Pilbara, while warning that the ongoing tussle with tenement holder, Clive Palmer's Mineralogy, means production at the project could eventually be suspended.

Alliance Airlines has extended its provision of air charter services for Citic Pacific Mining in the Pilbara region, having signed a new five-year contract.

Clive Palmer has dismissed the gathering of CITIC Pacific Mining employees outside the Supreme Court of Western Australia this morning, ahead of the start of the trial between his private company Mineralogy and Citic over royalties, as a ‘Chinese tactic'.

A Queensland business that uses sensors to detect unexploded bombs in former conflict zones in South-East Asia and Europe is now using its technology to help iron ore miners find pieces of equipment that have broken off in stockpiles.

SPECIAL REPORT: The value of investment into WA gold projects is about four times as much as this time last year, while growth in spending on lithium has been even more substantial.

Tim Searle has been appointed a partner in Clyde & Co's Perth office.

Clive Palmer's Mineralogy has again failed in its long-running court battle with its estranged Chinese joint-venture partner over the Cape Preston port in the Pilbara.

Trans-shipment has been floated as a solution to capacity constraints at bulk export ports in the state's north.

Iron ore miner Citic Pacific will cop a write down of up to $US1 billion on its Sino Iron magnetite operation in the Pilbara, less than a year after the facility completed commissioning.

Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group's Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed.

A $69 million gas storage facility will be built near Onslow by Duet Group subsidiary DBP Development Group to help producers and consumers smooth production profiles and cover planned outages.

Clive Palmer has won a battle in his ongoing legal fight with Chinese company CITIC Pacific Mining after a Western Australian Supreme Court judge ordered the company to pay him $US10.7 million ($A14.3 million).

Alliance Aviation Services has extended its contract for the provision of its services to Hong Kong-based CITIC Pacific Mining's Sino Iron project in the Pilbara.

Before the unexpected (and perhaps unsustainable) rise in the price of iron ore, a more interesting trend was developing in the mineral that could put a spring under one of Western Australia's most

Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.

With a number of WA's biggest businesses relying on unmanned drones to reduce surveying and inspection costs, new schools are teaching drone pilots how to fly.

Decmil Group has won three contracts worth about $34 million, with two of the contracts awarded to a joint venture established with a local engineering business owned by former Horizon Power boss Rod Hayes.

Falling private sector investment in heavy industry and electricity generation were major contributors to a big drop-off in total construction and engineering work in Western Australia in June, down 21.7 per cent quarter on quarter to $6.75 billion.

Iron ore shipments contributed more than $45 billion to the Western Australian economy in the 12 months to June, a figure well down on last year, according to BNiQ, despite a pick-up in volumes by the state's major producers.

A ramp-up of iron ore exports has lifted annual throughput at Port Hedland to a new record of 460.4 million tonnes, with the combined Pilbara Ports Authority tracking for a figure of 633.5mt per year.

As WA's last mega mining project swings into operations mode, there's more pain ahead for employment and investment numbers.

It's the end of the beginning for what had been Western Australia's only remaining major iron ore project under construction, Citic Pacific's Sino Iron, according to chief executive Chen Zeng, as the final two of six magnetite ore processing lines enter production.

Two Rio Tinto iron ore project expansions worth a total of $367 million have been approved by the state government, extending the life of the operations and helping the company maintain its production levels in the medium term.