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Investment in CITIC Pacific's Sino Iron project in the Pilbara region, Western Australia Karratha town 100 kilometers south-west of Preston Capes.

CITIC Pacific in 2006 purchased the mining rights of the 20 million tonnes of magnetite resources, the mining period of 25 years.

In 2012, CITIC Pacific line right to buy another 1 billion tons of magnetite mining rights.

CITIC Pacific also has the option of another three billion tons of resources.