Palmer plans royalty wedge to seize Citic mine CLIVE Palmer will look to use a $400,000 royalty dispute to seize control of Citic Pacific's $7 billion Sino Iron magnetite mine in the Pilbara of Western Australia. Mr Palmer's private company, Mineralogy, is suing Hong Kong-based Citic Pacific over what it says are unpaid royalties relating to low-grade magnetite ore that Citic has stockpiled at the project.