NewsBite

Palmer threatens to sue CITIC, blasts WA premier

Clive Palmer says it is extraordinary that the West Australian government will deny Andrew Forrest’s Fortescue Metals Group the same royalties discount it has afforded two Chinese-controlled magnetite iron ore projects for the past six years.

Mr Palmer hit out after WA Premier Mark McGowan said new magnetite projects, including Fortescue’s $US2.6 billion ($3.8 billion) Iron Bridge development, would not get the same assistance as CITIC’s Sino Iron mine or the Ansteel-controlled Karara mine.

Loading...
Brad Thompson was a reporter at The Australian Financial Review

Read More

Latest In Mining

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/mining/palmer-threatens-to-sue-citic-blasts-wa-premier-20190517-p51oht