CITIC’s Sino Iron Project Secures Key Approval for Continued Operations

An announcement from CITIC ( (HK:0267) ) is now available.

CITIC Limited has announced that the Sino Iron Project, a key initiative in resource extraction, has received unconditional ministerial approval from the State of Western Australia for its 2023 Mine Continuation Proposals. This approval allows the project to extend its mining operations and storage facilities, ensuring continued operations for an interim period, which is crucial for maintaining its strategic position in the industry.

The most recent analyst rating on (HK:0267) stock is a Buy with a HK$11.25 price target. To see the full list of analyst forecasts on CITIC stock, see the HK:0267 Stock Forecast page.

More about CITIC

CITIC Limited is a diversified company operating in industries such as financial services, resources and energy, manufacturing, engineering contracting, and real estate. The company is involved in significant projects like the Sino Iron Project, focusing on resource extraction and development.

Average Trading Volume: 27,896,612

Technical Sentiment Signal: Buy

Current Market Cap: HK$313.6B

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