Mining & Industry
The massive Sino Iron project has been developed at Cape Preston, 100 kilometres south west of Karratha in Western Australia's Pilbara region. It is the largest magnetite mining and processing operation in Australia focused on delivering a world class magnetite iron ore development which will add value to the Western Australian economy through significant downstream processing, employment, community benefits and international technology transfer while balancing social and environmental considerations. The project is one of China's largest investments into the Australian resources sector and is owned by Hong Kong-based CITIC Limited. Production of magnetite concentrate started in late 2012 and the first shipment was sent to China in 2013.