Overview

CITIC Resources Australia Pty Ltd is a foreign-owned company that is engaged in the smelting, sale and marketing of aluminium; exploration, development, mining and sale of coal; and trading in mineral-based commodities including exports and imports of metals, minerals and manufactured products. The company employs approximately 50 staff throughout its operations across Australia and is headquartered in Melbourne, Victoria.

CITIC Resources Australia Pty Ltd is a wholly-owned subsidiary of the China-based CITIC Group.

CITIC Resources Australia is mainly involved in metal and mineral trade between China and Australia. The company exports iron ore, aluminium, alumina and steel, and imports batteries, tyres, wheels, steel and aluminium products.

·         Aluminium operations - includes the Portland Aluminium Smelter, located in South West Victoria, in which CITIC holds a 22.5% stake. CITIC is involved in the production, marketing and sale for their share of the aluminium from this operation.

·         Coal operations - includes the company's 14% stake in the Coppabella and Moorvale Coal Mines joint venture. The company's subsidiary CITIC Australia Commodity Trading Pty Limited is appointed by the joint venture as the exclusive sales agent for any coal sold through this project to China.

Through the company's subsidiary CITIC Australia Trading Pty Limited, the group is also involved in the import and export of commodities including aluminium ingot, iron ore, alumina and coal between Australia and China.

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