CITIC Pacific Mining managing director Barry Fitzgerald has resigned from the Hong Kong-listed company to take up a position with Hancock Prospecting, a week after an $US835 million cost blowout was revealed at the Sino Iron project in the Pilbara.

CITIC Pacific Mining managing director Barry Fitzgerald has resigned from the Hong Kong-listed company to take up a position with Hancock Prospecting, a week after an $US835 million cost blowout was revealed at the Sino Iron project in the Pilbara.