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Mineralogy claims court victory in Citic royalty case

Billionaire Clive Palmer’s Mineralogy has claimed a court victory against former partner China-owned Citic, with the Supreme Court of Western Australia Court of Appeals finding in its favour.

Last year, the Supreme Court of Western Australia ruled against Palmer, which claimed that Citic owed him a $48-million advance on disputed royalties from the Sino Iron project, in the Pilbara.