Posted inAustralia, China, Oceania

Citic threatens to stop mining in Australia over legal rows

Chinese conglomerate Citic has warned it may suspend operations at its Sino Iron mine in Western Australia if it can’t resolve legal disputes with Australia’s Mineralogy over royalty payments and land access. Citic chairman Chang Zhenming said, in a letter to shareholders on Tuesday about the group’s first half results, that Sino faced “unique challenges with privately-held Mineralogy,” […]