CITIC Limited
As of 2016, the project is owned by Chinese state-owned Hong Kong-based CITIC Limited and according to the company represents “one of China’s largest investments into the Australian resources sector”.
What is a Sino mine?
Report summary. Sino Iron is a large iron ore mine near the Pilbara coastline of Western Australia. It is 29 kilometres from the port at Cape Preston and 100 kilometres south-west of Karratha.
Where is Citic Pacific mine?
The company employs approximately 1,360 people, operates in Western Australia, and is administered by its head office in Perth. CITIC Pacific Mining Management Pty Ltd is a wholly owned subsidiary of CITIC Group Corporation, a China-based state-owned investment company.
Is Hancock Prospecting listed on the ASX?
It’s largely out of the public eye because unlike the “Big Three” — BHP, once “the biggest Australian”, Rio Tinto and Andrew “Twiggy” Forrest’s Fortescue — Rinehart’s still rather quaintly named Hancock Prospecting is privately owned and so not listed on the stock exchange.
Who owns Citic limited?
CITIC Group
CITIC Limited/Parent organizations
In December 2011, CITIC Limited was incorporated as a joint stock limited company in China, 100% owned by CITIC Group Corporation which itself is owned by the Ministry of Finance.
Where is Cape Preston mine?
Western Australia
The open-pit mine, located in Cape Preston, about 100km south-west of Karratha, Pilbara, Western Australia, will produce magnetite concentrate and pellets. The open-pit mine itself is spread over more than 2.5km² in area, which is expected to triple over the estimated lifespan of approximately 30 years.
Does Gina Rinehart own coal mines?
Under the leadership of the Executive Chairman, Gina Rinehart, HPPL (including its majority ownership in Roy Hill) has grown into one of the most successful private companies in Australia’s history, and is a diversified company group with interests in iron ore, coal, beef, dairy as well as continuing mineral …
What does Gina Rinehart own?
Hancock Prospecting
Georgina Hope “Gina” Rinehart (née Hancock, born 9 February 1954) is an Australian mining magnate and heiress. Rinehart is the Executive Chairman of Hancock Prospecting, a privately-owned mineral exploration and extraction company founded by her father, Lang Hancock.
Is Citic owned by the Chinese government?
CITIC Group was founded as the China International Trust Investment Corporation (Chinese: 中国国际信托投资公司; abb. CITIC), a Chinese state-owned enterprise in 1979.
Where is Sino Iron located?
Sino Iron. Sino Iron operates out of Cape Preston, 100 kilometres south west of Karratha in Western Australia’s Pilbara region. It’s the largest magnetite mining and processing operation in Australia, with 3,000 direct employees and contractors.
What is the annual production of Sino Iron project?
The annual production of Sino iron project was 16Mt in 2017. Image courtesy of CITIC Pacific Mining Management Pty Ltd. The magnetite concentrates are shipped to China from a purpose-built port at Cape Preston. Image courtesy of CITIC Pacific Mining Management Pty Ltd.
What is the Sino project geologically?
The Sino iron project geologically lies near the George Palmer deposit, which is situated within the Hamersley basin and hosts two banded iron ore formations (BIF) of 300m and 150m thicknesses.
What equipment is used to process iron ore at Sino?
Iron ore processing equipment comprising two PE jaw crushers, one PY Cone crusher, one ball mill, one ZSW vibrating feeder, one YK vibrating screen and one conveyor belt were delivered by DSMAC. The electrical installation and pre-commissioning works worth $100m for lines 1-6 at the Sino iron ore project were completed by SCEE.
