Our Mission

CITIC Pacific Mining Management Pty Ltd (CITIC Pacific Mining) is a wholly-owned Australian subsidiary of Hong Kong listed company CITIC Pacific Ltd and has been established to manage the company's Sino Iron project.

Our mission is to deliver maximum sustainable value for shareholders by innovating, making excellent business decisions, creating a great place to work and being a good corporate citizen.

CITIC Pacific Mining is committed to working to high standards of corporate governance and developing relationships with stakeholders founded on honesty, openness, mutual trust and involvement. These are foundation values for our Sino Iron project.

Our Sino Iron project will provide stable, long-term employment and exposure to international skills, equipment and mining processes.

The AUS $5.2 billion project has over two billion tonnes of identified magnetite resources and plans to export 27.6 million tonnes per annum of a mixture of high-grade iron ore concentrate and pellets, initially for 25 years.

In addition to the initial two billion tonnes on which the project is based CITIC Pacific has acquired the rights to another four billion tonnes of iron ore resources which has the potential to lift production to 70 million tonnes per annum.

Our investment in supporting infrastructure will be significant, including port facilities, a gas-fired power station, a desalination plant and materials handling equipment.

CITIC Pacific has grasped the challenge of creating new value by making it possible to produce steel from resources that have been considered low value until now. Our Sino Iron project will be the first major magnetite iron ore project in Western Australia.

We have adopted an aggressive project execution strategy and many critical milestones have been achieved, with a view to production in 2009/10. More information can be found in the News section of this website.