CITIC gives official ok to Pilbara magnetite project

HONG Kong-based CITIC Pacific yesterday officially launched its $US4.6 billion ($A5.2 billion) Sino Iron magnetite project in the Pilbara.

CITIC gives official ok to Pilbara magnetite project CITIC gives official ok to Pilbara magnetite project CITIC gives official ok to Pilbara magnetite project CITIC gives official ok to Pilbara magnetite project CITIC gives official ok to Pilbara magnetite project

The Chinese company, which acquired the magnetite resource from Professor Clive Palmer's private Mineralogy company, now boasts an overall resource of some 2Bt at the project.

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