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CITIC deal important for Australasian

AUSTRALASIAN Resources says Foreign Investment Review Board approval for Hong Kong group CITIC Pacific’s investment in Clive Palmer’s Cape Preston magnetite project will boost the chances of the former developing its Balmoral South magnetite project, subject to feasibility studies.

Michael Vaughan
CITIC deal important for Australasian

Australasian managing director Darren Hedley told MiningNews.net FIRB approval will pave the way for CITIC’s development at Cape Preston, involving the construction of a port that Australasian will likely...

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