EXPLORATION & DEVELOPMENT

Power issues dog CITIC, but Sino Iron still a goer

THE road to development is not proving smooth for Chinese-backed company CITIC Pacific and its $US4.2 billion ($A6.3 billion) Sino Iron magnetite project in the Pilbara, with questions raised about its power supply after a gas project was deferred in Western Australia this week.

Kate Haycock

Power issues dog CITIC, but Sino Iron still a goer

Apache Energy announced earlier this week it would be deferring development of its Reindeer gas field, and Reindeer partner Santos said the decision to put Reindeer and Devil Creek on hold was due to the...

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