CITIC Australia Trading Pty Limited ("CATL") conducts the Group's import and export of commodities business. In January 2009, CATL was successfully privatised and delisted from the Australian Securities Exchange. It has become an indirect wholly-owned subsidiary of the Company. Its sole underlying business CITIC Australia Commodity Trading Pty Limited commenced operation in late 1994 and its primary focus is on trade between Australia and China. CATL's exported products include aluminium ingot, iron ore, alumina and coal sourced from Australia and other regions to the PRC.

Its main imports include steel and battery from the PRC and other regions in Asia. CATL's trading business plays a significant role in the promotion of bilateral economic cooperation between China and Australia. One of its key strategies has been, and will continue to be, actively seeking out and exploiting new product lines. This will be underpinned by its risk management systems and procedures, its established management team, strong customer and supplier relationships.

Updated: 18 December 2017