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Businessman Clive Palmer has described his victory in the long-running royalties battle against Chinese state-owned government enterprise Citic Pacific in the Pilbara as a “win for all Australians”.
Businessman Clive Palmer's company Mineralogy has won a Supreme Court claim for $US150 million in unpaid royalties against two Citic Pacific subsidiaries over a Pilbara iron ore project.
HONG KONG, CHINA--(Marketwired - Oct 23, 2017) - Dah Chong Hong Holdings Limited ("DCH") (HKSE: 1828) announced today that it will partner with its parent company, CITIC Pacific Limited ("CITIC Pacific"), a wholly-owned subsidiary of CITIC Limited, to establish an investment fund -- Tamar Alliance ("Tamar Alliance Fund" or "Fund"). The Tamar Alliance Fund seeks long term capital appreciation through investments in companies in the consumer or healthcare sector.
Sino Land has won a residential land plot in Ma On Shan, in Hong Kong’s New Territories, for HK$1.38 billion, setting a new record for the area.
Aviation services company Alliance Airlines has extended its provision of air charter services for CITIC Pacific Mining in the Pilbara region, having signed a new five year contract.
Clive Palmer has dismissed the gathering of CITIC Pacific Mining employees outside the Supreme Court of Western Australia this morning, ahead of the start of the trial between his private company, Mineralogy, and Citic over royalties, as a ‘Chinese tactic’.
A trial has begun in the West Australian Supreme Court over a royalty dispute between mining company Citic Pacific and Clive Palmer's Mineralogy.
Clive Palmer has made an appearance in the Supreme Court of Western Australia for the start of the trial between his private company Mineralogy and estranged joint venture partner CITIC Pacific Mining over royalties at the Sino Iron magnetite project near Karratha.
Company already in talks to form a partnership with China’s oldest and largest conglomerate Citic Ltd to scout for projects in Southeast Asia
Lawmaker James To Kun-sun has helped about 200 Citic small shareholders who suffered losses to seek redress
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Hong Kong’s leading food retailer and importer of Bentley and Infiniti cars will depend on acquisitions, a rebalancing of its business and expansion into Southeast Asia to reverse its earnings slump, its chairman said.
Located next to the major housing estate, South Horizons, site estimated to fetch as much as HK$11.4 billion
Iron ore miner Citic Pacific will cop a write down of up to $US1 billion on its Sino Iron magnetite operation in the Pilbara, less than a year after the facility completed commissioning.