Clive Palmer wins Sino royalty lawsuit battle

摘要

Clive Palmer's Mineralogy Pty Ltd has won a lawsuit against China's CITIC Pacific Ltd related to royalty payments linked to a A$7 billion (US$6.7 billion) iron-ore project in Western Australia. Mineralogy claimed the Hong Kong-listed company owed it A$400,000 in royalty payments as part of agreements signed in 2006 and 2008. These gave CITIC rights to mine the Sino magnetite ore tenement on land owned by Palmer.