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ABC News
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Business

Mining billionaire Clive Palmer rakes in more than $700 million from Pilbara assets

Clive Palmer Citic Mineralogy Pilbara Mining
Clive Palmer's company Mineralogy earnt $204 million from the sale Pilbara mining rights. (ABC News: Kimberley Bernard)

Queensland mining billionaire Clive Palmer's company has brought in $730.9 million of revenue in the past year, according to Mineralogy's latest financial year report.

About $520 million came in the form of royalties and includes large payments from the magnetite operations of Chinese-owned company Citic Pacific Mining, south of Karratha in the Pilbara region.

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