good old cp., page-5

"Australasian also said it had been unable to secure government approvals for its Balmoral South magnetite project in the Pilbara. It said an arbitration hearing would take place in April."

"In November, Mr Wang told shareholders that Mr Palmer's bitter legal wrangle with China's Citic Pacific over the nearby Sino Iron project had scared away potential Chinese investors in Australasian."

Source: http://www.theaustralian.com.au/business/mining-energy/clive-palmer-backing-dying-firm/story-e6frg9df-1226816189254#