Palmer to pocket a further $200M

MINING billionaire Clive Palmer will receive a further cash injection of $US200 million ($A193 million) from China’s CITIC Pacific as part of the sale rights to mine his magnetite resources in Western Australia’s Pilbara.

Palmer to pocket a further $200M Palmer to pocket a further $200M Palmer to pocket a further $200M Palmer to pocket a further $200M Palmer to pocket a further $200M

It pushes his pay-out from the Chinese group towards $1 billion as it targets first production from the $6.

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