OVERVIEW

CITIC Pacific is constructing the Sino Iron Project, which once built will be the world's largest magnetite iron ore mine.

The project is located at Cape Preston 100 kilometres southwest of Karratha in Western Australia's Pilbara region and is being developed by CITIC Pacific Mining ("CPM"), an Australian subsidiary of CITIC Pacific.

The iron ore concentrate produced thus far is of high commercial quality and will be used initially by CITIC Pacific's special steel plants. Ore will also be sold to other steel producers in China once production volume increases.