CITIC's Iron Ore Project in Western Australia Delayed Yet Again

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The trial production of the $US8-billion iron ore project of China's CITIC Pacific Ltd in Western Australia has again been moved to November, delayed three months later than last announced.

This time the cause of delay was blamed on the failure of the project's main contractor, China Metallurgical Group Corp ( MCC ), to complete the construction of the magnetite iron ore mine project's processing area by the end of August.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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