National Pump and energy
HomeMining Industry News Citic and Mineralogy dispute over port

Citic and Mineralogy dispute over port

Thursday 4th of June 2015 07:04:17 AM



Citic has told the Federal Court it is not operating or shutting anyone out of a West Australian iron ore port in its dispute with Mineralogy.

Clive Palmer’s company Mineralogy claims there has been a breach between an agreement with it and Citic and is trying to strip Citic of its right to use the facilities.

Mineralogy says Citic is wrongly asserting "exclusive occupation and control" of the Cape Preston port, south-west of Karratha, from which it exports magnetite concentrate to Chinese steel mills.

"We're not operating the port or shutting anyone out of the port," Citic’s Andrew Bell said in court.

Citic built the port infrastructure as part of its $12 billion Sino Iron project.

Mineralogy claims under an agreement between the two parties, Citic should have given it control of the port after construction and have the right to operate the port, over which it holds the mining tenements.

It contends Citic has breached that agreement and should now have its right to use the port extinguished and be removed from the facilities.

Mineralogy's barrister Simon Couper told the court today the effect of Citic blocking anyone else using the port was that Mineralogy could not tell potential new investors they had access to the facilities.

"The effect of the breach is to prevent Mineralogy from being able to say to an investor this will work because we have access to a port," he said.

He also argued there was no evidence Citic had agreed to build the port on the assumption Mineralogy would then relinquish all rights to operate it.

"There is no evidence to say that was the assumed state of affairs," Mr Couper said.

Dr Bell told the court there was no evidence Mineralogy would have any role in the port facilities' operation.

He added Citic was the only party lawfully capable of operating the port.

"We are entitled to operate the facilities, more than that, we are obliged to operate the facilities," he said.

"We are the only party who is lawfully capable of operating them ... by reason of a series of steps and agreements, all of which Mineralogy was a party to."



Source

Recent Related News

New coal mine reveals plans

Thursday 5th of January 2017 11:25:42 AM

130 kilometres north-west of Rockhampton plans are underway to develop the Styx Coal project which will potentially look to the region for up to 500 workers. Fairway Coal and Styx Coal, wholly owned subsidiaries of Mineralogy Proprietary Limited, are behind the proposal. Managing director of ....


Palmer vs Citic over $10b in royalties

Tuesday 1st of September 2015 08:24:08 AM

Clive Palmer and his estranged business partner Citic Limited have reached another level in their legal war, with Mr Palmer's company Mineralogy seeking $10 billion in damages from the Chinese giant. Mineralogy is suing Citic over what it claims to be a lack of royalty payments from Citic's Sino ....


Court Hears Mineralogy Not Approved to Operate Port

Thursday 11th of June 2015 06:27:38 AM

The Federal Court in Perth has heard that CLIVE Palmer's mining company Mineralogy never received approval to operate a Pilbara iron ore port which has recently been placed in government hands. The Court heard that the regulation of Cape Preston port is now being handled by the Director-General of ....


Citic and Mineralogy dispute over port

Thursday 4th of June 2015 07:04:17 AM

Citic has told the Federal Court it is not operating or shutting anyone out of a West Australian iron ore port in its dispute with Mineralogy. Clive Palmer’s company Mineralogy claims there has been a breach between an agreement with it and Citic and is trying to strip Citic of its right to use ....


WA Port Shutdown Deterred

Monday 8th of December 2014 10:10:56 AM

The closure of mining and exports operations at a WA port has been briefly deterred after Clive Palmer’s Mineralogy said it would not process with suspension and termination notices until a trail next year. Mineralogy currently hold the tenement at Cape Preston, around 100 km south-west of ....


Y Fronts teaser banner MiningLink prefered resume writers Civil Link Banner
Scaffolders
All classes- 4 to 6 Weeks shutdown with a view to extending to longer term work

Auto Electricians
Must have demonstrated mobile maintenance mining auto electrical experience. Immediate start.

Heavy Diesel Fitters
Join either our main workshop, digger and drill fleet or ancillary teams. Immediate start.

Condition Monitoring Technician


Auto Electrician Heavy Mobile Equipment
Looking for an experienced Auto Electrician for our HME workshop!

BHP Approves Pilbara Project Funding
BHP, this week announced approval of $244 million (BHP share) in initial funding for the South Flank sustaining mine project in the central Pilbara, Western Australia. The South Flank project, ....

WA Mining Projects Rejected For Second Time
Mineral Resources Limited's Jackson 5 and Bungalbin East Iron Ore Project first applied to operate two new iron ore mines in Western Australia’s Wheatbelt region in 2015. The proposal was ....

Federal Treasurer Threatens States Over Gas Mining
Federal Treasurer Scott Morrison has threatened state and territory governments with cutting their share of GST revenue should they limit gas exploration. South Australia and Queensland are the ....

Perth Shipbuilder Lands $780M Contract
Perth-based shipbuilder Austal has secured a $780 million contract by the US Navy, to supply an additional Littoral Combat Ship. It's the 14th combat ship Austal has already been contracted to ....

Wollongong Coal Taken To Court
Wollongong Coal being taken to court for its alleged failure to pay rent to the NSW Government comes at a bad time for the miner – it is already being investigated over whether it is a “fit and ....

iComplii