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.


Media enquiries: Rob Newton - Head of Corporate Affairs, CITIC Pacific Mining
P: 08 9226 8158; 0400 705 916
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