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Sino Iron Project Will Probably Achieve an Annual Output of 5 Million Mt of Iron Ore

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Add date: 2016-11-25 Hits:92

Core prompt: Chang Zhenming, chairman of Hong Kong-based conglomerate CITIC Pacific, has stated at China's 12th National People's Congress (NPC), that the company's Sino Iron project in Wes

Chang Zhenming, chairman of Hong Kong-based conglomerate CITIC Pacific, has stated at China's 12th National People's Congress (NPC), that the company's Sino Iron project in Western Australia will probably achieve an annual output of 5 million mt of iron ore by the end of 2013.

Investment in the project, which was acquired by CITIC Pacific in 2006, had already reached $8 billion by July last year. The project is expected to need another $1-2 billion in investment in the coming years.

keywords: CITIC Pacific, Sino Iron project, economy

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