CITIC Pacific president Zhang Jijing has warned other prospective Chinese investors of doing business with billionaire MP Clive Palmer, the ABC reports.
"As part of due diligence, naturally we would expect prospective Chinese investors in Mr Palmer's other interests to take a close look at our experiences. They can draw their own conclusions," Mr Zhang said in a statement to the ABC's Four Corners program.
Mr Palmer is in a legal dispute with Citic Pacific, the operator of his Sino iron project in the Pilbara, over royalty payments.
The ABC reports that Mr Palmer has rejected the suggestions.
"You have to understand that people don't invest out of love. I get married out of love; I have children out of love," Mr Palmer told the ABC.
"The Chinese are not in Australia for a free handout or for charity and we don't want to be frightened about them. They're here because it's in their interest."
The project has yet to export any ore.
