Our Business

Resources & Energy

Our resources and energy business comprises the exploration, mining, processing and trading of energy products and mineral resources, as well as power generation. We hold interests in projects in China, Australia, Brazil, Peru, Gabon, Germany, Indonesia and Kazakhstan. We operate our resources and energy business through CITIC ResourcesCITIC Mining InternationalCITIC Metal, and Sunburst Energy.

Crude Oil

We own about 60% in CITIC Resources, which has been listed on the Hong Kong Stock Exchange since 1997 (SEHK: 1205). It has 50% participation rights in the Karazhanbas oilfield in Kazakhstan, 90% in Hainan-Yuedong block in China, and 41% in Seram Non-Bula block in Indonesia. In 2018, CITIC Resources' overall average daily oil production was 49,390 barrels.


CITIC Limited holds a participating interest in the Coppabella and Moorvale coal mines joint venture as well as interests in a number of coal exploration operations in Australia via CITIC Resources. It also holds a 30% interest in Xin Julong coal mine in Shandong Province, China via Sunburst Energy.

Power Generation

CITIC Limited, through Sunburst Energy, invests in and manages coal-fired power stations in mainland China, with a total installed capacity of over 6,400MW. Among these power stations, Ligang Power Plant in Jiangsu Province is one of the largest coal-fired power stations in China, with an installed capacity of 4,040MW. 

Magnetite Iron Ore

CITIC Limited, through CITIC Mining International, has the right to mine two billion tonnes of magnetite ore at Cape Preston in Western Australia's Pilbara region, and has exercised the option to acquire another one billion tonnes of magnetite ore. With a mine life of approximately 30 years, Sino Iron is the largest magnetite mining and processing operation in Australia.

More than 50 million tonnes of concentrate have been shipped since exports commenced. Sino Iron is now a major seaborne supplier of magnetite concentrate to China, accounting for approximately 22% of trade by volume. In 2018, Sino Iron again achieved record production levels, shipping more than 19 million wet metric tonnes to CITIC's special steel plants and other Chinese and Asian steel mills. 


CITIC Metal holds a 15% interest in the Las Bambas copper mine project in Peru. Through this partnership, CITIC Metal has also secured distribution rights on around 26% of the copper concentrates extracted from the site.


CITIC Metal indirectly holds a 5% interest in Brazilian miner CBMM, which produces about 80% of the world's ferroniobium. Through the partnership, CITIC Metal has exclusive distribution rights on this resource in China. CITIC Metal primarily supplies ferroniobium to medium and large steel mills as it is used in the production of high strength and high performance steels.


CITIC Dameng is a Hong Kong listed company (SEHK: 1091) and one of the largest vertically integrated manganese producers in the world, engaged in the production and sale of manganese products. CITIC Dameng owns the largest manganese mine in China and has interests in several other mines in China and Gabon, West Africa.


CITIC Limited's major traded commodities include iron ore, ferroniobium, copper,

aluminium, coal and steel. This business is carried out by CITIC Metal and CITIC Resources.

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