News Articles for CITIC

Joe McDonald was among six Construction, Forrestry, Mining and Energy Union officials hit with a fine for illegally blockading a construction site in 2013, preventing 160 employees from attending work at the project.

SPECIAL REPORT: There's no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

Clive Palmer has lost a multi-million dollar court case over the alleged non-payment of royalties to his Mineralogy company, hindering plans for upgrades at his ailing Townsville nickel refinery.

Esther Oh wants to deepen Australia's economic relationship with our nearest neighbours.

ANALYSIS: Rubbery figures and projections aside, WA's iron ore miners are breathing a little easier thanks to improving prices and a favourable exchange rate.

At first glance there does not seem to be much connecting Gina Rinehart with Clive Palmer, but a closer look reveals a common thread … made of steel.

Smart-ticketing company Vix Technology has strengthened its push into the resources sector by acquiring specialist Australian software company Osmotion for an undisclosed sum.

Perth-based contractor Civmec has won a number of new contracts and additional work, worth a combined value of $65 million.

A program that links PhD students with industry is attracting support from companies as diverse as iron ore miner CITIC Pacific Mining, software developer Lateral, and aged care provider Southern Cross Care.

SPECIAL REPORT: What's next for the iron ore sector, as the final two ‘mega' iron ore projects approach completion in the Pilbara?

SPECIAL REPORT: With a mere handful of projects under construction, it's what is in store for the future that has everyone guessing. Click through to also see our list of WA mining projects.

Two prominent Perth businesswomen have moved on to new government roles, with Heather Zampatti named the new chair for Lotterywest, while Libby Lyons has become a director of the national Workplace Gender Equality Agency.

Clive Palmer's private company has suffered a resounding loss in legal battle with China's CITIC Pacific, with a court judgement describing Mineralogy's claims as astonishing, farcical and without substance.

Global Construction Services has won a scaffolding contract for the Sino Iron project by Citic Pacific Mining.

Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.

A Western Australian iron ore industry group has reluctantly mothballed its activities, citing the difficult economic circumstances facing the industry.

The Australian Petroleum Production and Exploration Association has hit back at claims that members of the DomGas Alliance have supply concerns amid ongoing uncertainty over the North West Shelf joint marketing agreement.

The Department of Immigration and Border Protection has raided the office of mining sub-contractor Murphy Pipe & Civil over allegations it has been assisting foreign employees fraudulently obtain work visas.

China-based Citic Group has flagged a $US1.4 billion to $US1.8 billion impairment at its Sino Iron magnetite project in the Pilbara as a result of the falling value of iron ore.

There are not many mining projects on the cards for WA, but there are still opportunities in the sector for engineers and contractors.

Kerman Contracting has continued its run of success this year, securing a contract to develop new infrastructure at Rio Tinto's Pilbara iron ore operations and in the process lifting its work in hand to $290 million.

Clive Palmer's private company, Mineralogy, has backed off from threats to terminate its agreements with China's Citic Pacific, after Citic went to court seeking injunctions against its estranged business partner.

Electrical contractor ECM Global Project Partners has signed two contracts for work on the Roy Hill and Sino Iron projects in the Pilbara worth $110 million collectively.

Ausdrill non-executive director Wal King has resigned from his role just three years after joining the company.

As the iron ore majors ramp up production, Fortescue Metals Group has an ace up its sleeve.

The big get bigger and the small get crushed.

Rob Newton has been appointed media manager at CITIC Pacific Mining.

Australian politics has never seen anything like the Palmer United Party, a strange concoction of a family company mixed with a fan club.

Southern Cross Electrical Engineering has reported a $9.6 million slump in full-year profit to $7.7 million on the back of a 21 per cent fall in revenue to $218.2 million.

FEATURE: Having gained notoriety in the 1996 movie Jerry Maguire, the phrase ‘show me the money' will be heard often, and loudly, in business in Western Australia in coming years as capital inflows become capital outflows and funds become harder-than-ever to raise.

Southern Cross Electrical Engineering has won a $70 million electrical and instrumentation works contract from CITIC Pacific for its Sino Iron project at Cape Preston, adding to a $10 million job won two weeks ago.

FEATURE: Industrial uncertainty and an urgent need for more infrastructure are putting the squeeze on iron ore exports through Port Hedland, while productivity increases and transshipment options are also being mulled over statewide.

Perth-based Southern Cross Electrical Engineering has been awarded an electrical and instrumentation contract at CITIC Pacific Mining's Sino Iron project at Cape Preston, worth over $10 million.

Perth-based engineering groups Kerman Contracting and Monadelphous Group have announced contract wins collectively worth more than $300 million at CITIC Pacific Mining's Sino Iron development near Cape Preston.

The legal battle between Clive Palmer and business partner CITIC Pacific has taken a new twist with the Chinese group suing the mining entrepreneur-turned-politician personally over the alleged removal of about $12 million from a trust account.

Giving managers responsibility for making decisions relevant to their sections is crucial at marine services business TAMS Group, which has steadily added new capabilities and staff to differentiate itself as a full service provider in a market full of specialists.

China's CITIC Pacific Mining has signed Perth's largest office leasing deal so far in 2014, to relocate its headquarters to 45 St Georges Terrace.

The big growth in WA's iron ore industry means it accounts for more than half of all jobs in the state's mining sector.

The $1.4 billion joint bid by Baosteel and Aurizon for control of Perth-based Aquila Resources marks a new wave of Chinese investment interest in WA's iron ore.

Oakajee is being rejuvenated not so much as a mining project but more as an infrastructure play.