Our Vision

Mr Chang Zhenming, previous Chairman of CITIC Limited

CITIC Limited is the largest conglomerate in China has a wide range of businesses, including financial services, resources and energy, manufacturing, engineering contracting, real estate and infrastructure.

Listed on the Hong Kong Stock Exchange, we have a long history of investment in Australia. Our most significant venture has been Sino Iron, situated in the mineral-rich Pilbara region of Western Australia, is a large-scale mineral resrouce project developed by CITIC in Australia and is China's largest investment in the overseas resources sector. This exceptional integration of  mining, engineering and processing culminates in the shipment of high-quality magnetite concentrate to CITIC’s special steel plants and other steel mills in China.

Sino Iron has now been fully operational, providing high-grade magnetite concentrate for CITIC's special steel plants and other steel mills in China. We take great pride in the fact that Sino Iron has positioned CITIC at the vanguard of the rapidly developing socio-economic relationship between Australia and China.

Sino Iron has successfully combined Chinese capital and technical expertise with Australian resources and construction experience. The project has made significant contribution to Australia, especially Western Australia, including the creation of thousands of direct and indirect employment opportunities and they payment of royalties and government revenue.

With the support and cooperation of our key stakeholders, Sino Iron will continue to bring substantial economic and social benefits to China and Australia for many decades to come.

To find out more about CITIC Limited visit www.citic.com.

Message from Mr Chen Zeng, Chairman and CEO of CITIC Pacific and CITIC Pacific Mining

In just over a decade, Sino Iron has transformed from a greenfields location on the Pilbara coast to a fully integrated, pit-to-port magnetite mining, processing and export mega-project. Today we proudly stand as the world's largest seaborne supplier of magnetite concentrate to China - pioneering a new downstream processing industry for Western Australia.

Sino Iron is a truly breathtaking resources operation. From the enormous open mine pit to the immense superstructure which houses the six processing lines, as well as the sophisticated supporting infrastructure, one cannot help but be impressed by the project’s sheer scale and integrated nature.

Our high-grade, low impurity product is gaining favour among steelmakers. One of the great advantages of Cape Preston magnetite concentrate is that less energy is required across the steel production cycle. With Chinese steel mills seeking to lower their carbon emissions, our product will play an increasingly important role in improving environmental outcomes for all of us.

The focus for us is to continue to increase production levels and optimise the mining, processing, product loading and water/energy supply systems.

We have made a significant investment in downstream processing and associated infrastructure to unlock the long-term value from this very large magnetite resource.  Our challenge is to now ensure Sino Iron reaches its full potential.

To find out more about CITIC Limited visit www.citic.com.