Citic Pacific Ltd.'s port facility used for serving the company's Sino Iron project stands under construction in this aerial photograph taken over Karratha, Western Australia, on Monday, Aug. 20, 2012. Australian mining tycoon Clive Palmer expects to receive $500 million a year in royalties from Citic Pacific's $8 billion iron ore mine in Western Australia once it reaches full production. Photographer: Carla Gottgens/Bloomberg via Getty Images
{"Image ImageDescription": "Citic Pacific Ltd.'s port facility used for serving the company's Sino Iron project stands under construction in this aerial photograph taken over Karratha, Western Australia, on Monday, Aug. 20, 2012. Australian mining tycoon Clive Palmer expects to receive $500 million a year in royalties from Citic Pacific's $8 billion iron ore mine in Western Australia once it reaches full production. Photographer: Carla Gottgens/Bloomberg via Getty Images", "Image Copyright": "2012 Bloomberg"}