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 (Sam) Sui, Executive Chairman of CITIC Pacific Mining

Sino Iron has been producing and exporting magnetite concentrate to the steel mills of Asia for well over a decade now. Today we are a leader in the value-adding of Australian iron ore.

Back in 2009, Cape Preston was a greenfield location brimming with potential. The site has since evolved into a fully integrated, pit-to-port magnetite mining, processing, and export megaproject.

We shipped our 100 millionth wet metric tonne of magnetite concentrate in 2021 and in recent years have cemented our status as one of Western Australia’s biggest exporters by value, across all industries.

Our overarching mission is to be a long-term safe, sustainable and low-cost trusted supplier of value-added iron ore product to the steel mills of the world, delivering ongoing socio-economic benefits to our key stakeholders, including the local community.

The overall economic value of Sino Iron to WA continues to be significant. We support a 3000-strong direct workforce and over the life of the project an estimated $51 billion will be spent on goods and services in this State.

The benefits go even deeper. Our export product Cape Preston Concentrate is recognised for its lower emission steelmaking qualities.

With most steel cycle emissions occurring at the ironmaking stage, steel mills are exploring ways to reduce their environmental impact. This includes sourcing the cleanest and most energy-efficient feedstock while these technologies are being developed.

On this front, independent studies show our investment in iron ore value-adding here in Australia is making a positive contrbution towards lowering emissions in steelmaking. You can learn more here.