News
Royalty B Appeal Judgement – Statement
- Details
Earlier today, the Court of Appeal of the Supreme Court of Western Australia delivered its reasons for decision in the appeal of the Royalty Component B proceedings. In its reasons, the Court of Appeal found against the CITIC parties on most of grounds of appeal.
We are disappointed by the outcome.
CITIC has made a significant investment in Sino Iron, pioneering a new downstream processing industry and delivering local jobs and other major economic benefits for the Western Australian community, as well as Mr Palmer directly.
Our challenges are well-publicised but we will continue to do everything possible to put Sino Iron on a long-term sustainable footing, for the benefit of all Western Australians.
We will carefully consider the reasons for today’s judgment and have no further comment.
END OF STATEMENT
Media enquiries: Rob Newton - Head of Corporate Affairs, CITIC Pacific Mining
P: 08 9226 8158; 0400 705 916
E:This email address is being protected from spambots. You need JavaScript enabled to view it.
We are disappointed by the outcome.
CITIC has made a significant investment in Sino Iron, pioneering a new downstream processing industry and delivering local jobs and other major economic benefits for the Western Australian community, as well as Mr Palmer directly.
Our challenges are well-publicised but we will continue to do everything possible to put Sino Iron on a long-term sustainable footing, for the benefit of all Western Australians.
We will carefully consider the reasons for today’s judgment and have no further comment.
END OF STATEMENT
Media enquiries: Rob Newton - Head of Corporate Affairs, CITIC Pacific Mining
P: 08 9226 8158; 0400 705 916
E: