Citic Limited announced on the Hong Kong Stock Exchange that due to the refusal of the mine owner Mineralogy to expand the tailings dam project, Citic Pacific Mining is now forced to lower its expected iron concentrate production for 2024 to approximately 14 million wet metric tons (compared to approximately 21 million wet metric tons in 2023). The company had previously disclosed in its "2023 Interim Report" that the continued operation of Citic Pacific Mining would require the expansion of its pit and waste rock/ tailings dam beyond the approved land area.