CITIC to mine additional 1bn tonnes of iron ore

Mining News Pro - CITIC is set to strike a deal with Mineralogy chairman Clive Palmer to mine a further one billion tonnes of iron ore in Western Australia.

MACA adds $200m CITIC Pacific contract to books

Mining News Pro - MACA has secured a hire and maintenance contract with CITIC Pacific Mining Management (CPM) at the Cape Preston Sino iron operation in Western Australia.

Ivanhoe, CITIC complete second major financing for Congo mines

Mining News Pro - Canada’s Ivanhoe Mines (TSX:IVN) has received a second major strategic investment of C$612 million (about $490m) from its largest shareholder, China’s state-owned CITIC Metal, that will be used towards speeding up construction of a giant copper mine in the Democratic Republic of Congo.

CITIC to pay royalties to Mineralogy following appeal rejection

Mining News Pro - CITIC has had its appeal case against Clive Palmer’s Mineralogy rejected, forcing the Chinese company to pay royalties from its iron ore project in Pilbara, Western Australia.

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