Foreign exchange loss
CITIC Pacific Annual Report 2008
CITIC Pacific’s
Fundamental Strengths
CITIC Pacific has a great depth
of experience and expertise in
operating businesses in China,
both on the mainland and in
Hong Kong. In recent years the
business has been increasingly
focused on the mainland to
take advantage of the long-term
growth opportunities that
exist there.
Our major businesses are special
steel manufacturing, iron ore
mining and property development
in mainland China.
magnetite development in Australia. Production
is expected to start in the second half of 2010
ensuring a stable, quality supply of iron ore to
CITICPacific’s special steel plants, as well as
other steel producers in China.
Find out more on p18
CITICPacific focuses on developing medium
and large scale projects in mainland China.
Properties are located in prime areas in
Shanghai, major cities in the Yangtze Delta area,
as well as Hainan Island.
Find out more on p28
Iron Ore Mining Property
• 18% of segment assets
• 2billiontonnesofworldclassmagnetiteorereserves• over27milliontonnes of
concentrateandpelletstobeexportedannually•potentialtoincreaseproductiontomorethan70milliontonnes
annually• 29% of segment assets
• developing4.9millionsquare
metresofgrossfloorareainthecomingyears•adiversifiedportfolioofdevelopmentpropertiesAustraliaPerth
Dampier