Citic Pacific Mining operates as a wholly-owned subsidiary of CITIC Limited, a major multinational conglomerate that is publicly traded on the Hong Kong Stock Exchange under the stock ticker symbol 0267. CITIC Limited itself is controlled by the CITIC Group Corporation, which functions as a premier state-owned enterprise and investment company under the direct administration of the People's Republic of China. Headquartered in Perth, Western Australia, Citic Pacific Mining was established specifically to manage massive resource projects, most notably the prominent Sino Iron project located on the Pilbara coastline, representing one of the largest magnetite iron ore mining and processing operations globally.