Clive Palmer's Queensland Nickel owes $100m and needs large cash injection to continue trading, administrators say
9 years, 1 month ago

Clive Palmer's Queensland Nickel owes $100m and needs large cash injection to continue trading, administrators say

ABC  

Clive Palmer's company Queensland Nickel is more than $100 million in debt and will need "tens of millions" injected into the company to continue trading beyond April 30, administrators say. Mr Park said FTI was considering a court application to extend the administration period to 60 business days because of the complexity of the company structure and the "forensic investigation required". "During that timeframe the company will need to be restructured and the business would require a capital injection into the business to subsidise the trading losses currently being incurred based on the current nickel price." Mr Park said the capital injection would likely be in the order of "tens of millions" but that this was dependent on the price of nickel.

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History of this topic

Clive Palmer still suing WA Premier for defamation after all, apologetic spokesman says
4 years, 2 months ago

Clive Palmer still suing WA Premier for defamation after all, apologetic spokesman says

ABC  

Mining mogul Clive Palmer is still suing Western Australia's Premier for alleged defamation, despite his office issuing a statement stating the action had been withdrawn. In a statement on Sunday, Mr Palmer's media adviser said the billionaire's lawyers had written to WA Premier Mark McGowan advising him a defamation case against him would be withdrawn. "I've had about enough of …

Clive Palmer's company tips another $1.7 million into his party's Queensland election campaign
4 years, 5 months ago

Clive Palmer's company tips another $1.7 million into his party's Queensland election campaign

ABC  

Clive Palmer's private company Mineralogy has donated a further $1.7 million to the businessman's United Australia Party as voting gets underway in the Queensland election. Matters of State podcast In the lead up to the Queensland state election Steve Austin and Matt Wordsworth break down the big questions and crucial campaign moments. According to the Electoral Commission of Queensland's public …

Clive Palmer's seemingly endless list of lawsuits against WA has set up a long and bitter battle
4 years, 7 months ago

Clive Palmer's seemingly endless list of lawsuits against WA has set up a long and bitter battle

ABC  

At the start of the week, Mark McGowan joked about the legal fights WA could expect to face in its "war" with Clive Palmer. Those are whether WA's indefinite closure of the interstate border is constitutionally valid, and whether Parliament's legislation attempting to terminate Mr Palmer's $30 billion iron ore arbitration game is legal. Mr Palmer's legal bid to bring …

Clive Palmer's nickel refinery business insolvent before administrators took over, court rules
4 years, 9 months ago

Clive Palmer's nickel refinery business insolvent before administrators took over, court rules

ABC  

Clive Palmer's failed Queensland Nickel refinery was insolvent in the days before administrators were called in, a judge has found. Key points: Justice Mullins says claims against Mineralogy by liquidators could not succeed Clive Palmer says the ruling "vindicates" his faith in the justice system He says he will now consider seeking compensation But Justice Debra Mullins dismissed the liquidators' …

Clive Palmer settles with biggest creditor in $200m Queensland Nickel lawsuit
5 years, 7 months ago

Clive Palmer settles with biggest creditor in $200m Queensland Nickel lawsuit

ABC  

Billionaire Clive Palmer has reached a settlement with the biggest creditor in a $200 million lawsuit over the collapse of his ill-fated Queensland Nickel venture. In a breakthrough, during week three of a nine week trial, barrister Shane Doyle QC — acting for the government-funded liquidators — told the Supreme Court in Brisbane that a "resolution" had been reached on …

Clive Palmer paid $1 for Queensland Nickel before its collapse, liquidator tells court
5 years, 7 months ago

Clive Palmer paid $1 for Queensland Nickel before its collapse, liquidator tells court

ABC  

Clive Palmer paid just $1 for his Queensland Nickel business seven years before it collapsed over fatal cashflow problems, a liquidator has told a court in Brisbane. Key points: Kelly Anne-Trenfield, one of the liquidators suing Mr Palmer and his companies, brought up the $1 price tag in cross-examination Administrators and liquidators of QN have denied repeated suggestions by Mr …

Former Queensland Nickel worker complains to ATO after payout results in tax debt
5 years, 8 months ago

Former Queensland Nickel worker complains to ATO after payout results in tax debt

ABC  

A former Queensland Nickel refinery worker says she has made a complaint to the Australian Taxation Office over her entitlement payment from the company funded by businessman Clive Palmer. Key points: The former QN worker said on her PAYG summary the payment was being treated as a salary rather than a redundancy She has opened a tip-off form to the …

Clive Palmer wrote 'false' entries in notebook to justify cash from Queensland Nickel
5 years, 8 months ago

Clive Palmer wrote 'false' entries in notebook to justify cash from Queensland Nickel

ABC  

Billionaire Clive Palmer allegedly faked entries in a green notebook in a bid to justify draining Queensland Nickel of millions of dollars for anything he wanted before it collapsed in 2016, a Brisbane court has been told. Key points: The court heard Mr Palmer only revealed the existence of the notebook weeks before he was to be grilled in Federal …

Clive Palmer contradicts himself over payments for workers at collapsed Queensland Nickel refinery
5 years, 10 months ago

Clive Palmer contradicts himself over payments for workers at collapsed Queensland Nickel refinery

ABC  

Clive Palmer has struggled to explain a pledge to repay workers owed money due to the collapse of the Queensland Nickel refinery. Key points: Clive Palmer struggled to explain a pledge to repay nickel refinery workers owed money His party is set to spend $50 million on election advertising The Coalition reportedly plans to exchange preferences with Mr Palmer's party …

Clive Palmer over 1,000 days late repaying debt despite $27.5m election advertising blitz
5 years, 11 months ago

Clive Palmer over 1,000 days late repaying debt despite $27.5m election advertising blitz

ABC  

Forbes rich lister and serial political text pest Clive Palmer has a Parliamentary IOU. Key points: Clive Palmer owes taxpayers almost $7,000 and he is more than 1,000 days late paying The United Australia Party has spent close to $30 million in advertising since September Greens and United Australia Party members were late to repay parliamentary expense debts The maverick …

Clive Palmer threatens to sue Australian taxpayers for $45b as he re-routes business through NZ
6 years, 2 months ago

Clive Palmer threatens to sue Australian taxpayers for $45b as he re-routes business through NZ

ABC  

Clive Palmer has channelled his corporate empire through New Zealand and threatened to use free trade rules to sue Australian taxpayers for $45 billion as part of a dispute with a Chinese mining company. Key points: A New Zealand company now owns Mr Palmer's Mineralogy That company is controlled by two of Mr Palmer's companies based in Brisbane The NZ …

Clive Palmer calls for Government support to reopen Townsville nickel refinery but Premier says no
6 years, 8 months ago

Clive Palmer calls for Government support to reopen Townsville nickel refinery but Premier says no

ABC  

Queensland's Premier has ruled out giving controversial businessman Clive Palmer any help to reopen the beleaguered Yabulu nickel refinery near Townsville, instead saying he should pay workers and bills. Key points: Clive Palmer said the Yabulu refinery could only reopen if it had access to Townsville Port The port said it was still owed money after Queensland Nickel went into …

Clive Palmer says Queensland Nickel refinery in Townsville set to reopen
6 years, 9 months ago

Clive Palmer says Queensland Nickel refinery in Townsville set to reopen

ABC  

Embattled Queensland businessman Clive Palmer says the Queensland Nickel refinery in Townsville is set to reopen, despite its financial collapse more than two years ago and debts of hundreds of millions of dollars. Clive Palmer says QNI Resources has approved plans to reopen the refinery, which collapsed in 2016. While Queensland Nickel went into administration in 2016, its two related …

Clive Palmer warns Nickel refinery will not reopen if his assets are frozen
7 years, 1 month ago

Clive Palmer warns Nickel refinery will not reopen if his assets are frozen

ABC  

Clive Palmer has warned he will not reopen his North Queensland Nickel refinery with thousands of extra jobs and instead "enjoy the fruits" of a recent $350 million legal victory, if his assets are frozen. In a fresh affidavit filed as part of the case, Mr Palmer said if the freeze order was granted "the refinery will not reopen" and …

Clive Palmer approved $170m in payments from Queensland Nickel to himself, family, documents reveal
7 years, 2 months ago

Clive Palmer approved $170m in payments from Queensland Nickel to himself, family, documents reveal

ABC  

Clive Palmer retrospectively approved more than $170 million in payments from Queensland Nickel to himself, family and his corporate interests during two meetings late last year, which he chaired himself, court documents have revealed. Mr Palmer's company Queensland Nickel collapsed in early 2016 with $300 million in debts, leaving more than 800 people out of work. Palmer approved and ratified …

Clive Palmer 'having a good look' at reopening Queensland Nickel refinery after $197m lawsuit win
7 years, 3 months ago

Clive Palmer 'having a good look' at reopening Queensland Nickel refinery after $197m lawsuit win

ABC  

Clive Palmer has confirmed he is considering reopening the Queensland Nickel refinery in north Queensland, which comes after he won a $197 million lawsuit against Chinese corporate company Citic. Mr Palmer said he had a team of people looking at reopening the Yabulu refinery near Townsville and 500 people who had registered for jobs. "My first reaction was 'Wow, I …

Clive Palmer fronts Queensland Nickel hearings in better spirits after days of complaints
7 years, 10 months ago

Clive Palmer fronts Queensland Nickel hearings in better spirits after days of complaints

ABC  

Clive Palmer was back to his larger-than-life self at the Federal Court in Brisbane on Wednesday, joking with liquidators, playfully responding to journalists and replacing his now infamous sick bag with a health shake. "I stopped taking morphine last night, that's probably why I'm better today," Mr Palmer told the court on Wednesday. Despite the days of hazy evidence, Mr …

Clive Palmer decries 'Nazi Germany'-style court proceeding over Queensland Nickel collapse
7 years, 10 months ago

Clive Palmer decries 'Nazi Germany'-style court proceeding over Queensland Nickel collapse

ABC  

A dishevelled Clive Palmer has given evidence in the Federal Court in Brisbane over the collapse of Queensland Nickel, with one of his minders — speaking on his behalf — likening the former Queensland Nickel boss's forced appearance to something that would only happen in "Nazi Germany". Mr Palmer's Federal Court appearance in Brisbane last Friday was adjourned after lawyers …

Clive Palmer's Brisbane court appearance postponed after agreement with liquidators
7 years, 10 months ago

Clive Palmer's Brisbane court appearance postponed after agreement with liquidators

ABC  

Clive Palmer's Federal Court appearance in Brisbane today has been adjourned, after lawyers for the general purpose liquidators of Queensland Nickel and the former federal MP agreed to postpone the hearing. But this morning, waiting reporters were told the hearing would not go ahead as an agreement had been made by the general purpose liquidators of Queensland Nickel and Mr …

Clive Palmer testifies on nephew's disappearance, 'has memory loss due to morphine'
7 years, 10 months ago

Clive Palmer testifies on nephew's disappearance, 'has memory loss due to morphine'

ABC  

An ill-looking and out-of-breath Clive Palmer has told a court he paid for two luxury cruises for his nephew Clive Mensink, who has an outstanding warrant for his arrest for failing to appear over Queensland Nickel's collapse. Key points: Mr Palmer clutches sick bag, breathes heavily during Federal Court evidence Tells court he funded luxury cruises for nephew, Clive Mensink, …

Clive Palmer ordered to attend Queensland Nickel hearings amid pancreatitis recovery
7 years, 10 months ago

Clive Palmer ordered to attend Queensland Nickel hearings amid pancreatitis recovery

ABC  

Clive Palmer is recovering from a severe case of pancreatitis which his legal team said prevented him from giving evidence to the Federal Court on Tuesday, but a judge has ordered him to attend on Wednesday. Mr Palmer was due to be questioned by the Special Purpose Liquidators of Queensland Nickel about the whereabouts of his globetrotting nephew and former …

Queensland Nickel liquidators launch $106 million lawsuit against Clive Palmer's company Mineralogy
7 years, 11 months ago

Queensland Nickel liquidators launch $106 million lawsuit against Clive Palmer's company Mineralogy

ABC  

Liquidators of Clive Palmer's failed Queensland Nickel company are suing one of the mining magnate's other businesses to recover $106 million. Queensland Nickel liquidators, FTI Consulting, are trying to claw back missing funds, turning their attention towards another Palmer-owned company, Mineralogy Pty Ltd. For large periods between 2009 and 2015, Mr Palmer was the sole director of Queensland Nickel, and …

Queensland Nickel ex-director Clive Mensink misses court
8 years, 1 month ago

Queensland Nickel ex-director Clive Mensink misses court

ABC  

Former Queensland Nickel director Clive Mensink failed to turn up to be cross-examined over the company's collapse, risking an arrest warrant being issued. Speaking outside the court, Mr Mensink's solicitor Sam Iskander told reporters he had filed an affidavit detailing the medical grounds that explained his absence. Barrister Walter Sofronoff, for liquidators FTI Consulting, confirmed that medical grounds had been …

Clive Palmer defends conversation with nephew Clive Mensink during Queensland Nickel case
8 years, 1 month ago

Clive Palmer defends conversation with nephew Clive Mensink during Queensland Nickel case

ABC  

Clive Palmer has told the Federal Court in Brisbane it is unfair to blame him for the collapse of Queensland Nickel, as he is questioned for a second day. Mr Palmer told the court he recently spoke to his nephew Clive Mensink, the director of the collapsed Queensland Nickel, despite him being subject of a court summons. The court heard …

Clive Palmer 'can't remember payments of $15m' made by his mining empire, court hears
8 years, 1 month ago

Clive Palmer 'can't remember payments of $15m' made by his mining empire, court hears

ABC  

Clive Palmer cannot remember details of multi-million-dollar payments made by his mining empire while he was chairman, a Brisbane court has heard. In a tense exchange with Walter Sofronoff, QC, barrister for liquidator FTI Consulting, Mr Palmer repeatedly answered "I can't recall" when probed about specific transactions. Other payments brought up in court included an $8 million loan to Mr …

Clive Palmer to testify in court over Queensland Nickel's demise
8 years, 1 month ago

Clive Palmer to testify in court over Queensland Nickel's demise

ABC  

Businessman and former federal MP Clive Palmer is to appear in the Federal Court in Brisbane today as liquidators of his failed Queensland Nickel company look to question him over its demise. Mr Palmer has denied he was to blame for the demise of Queensland Nickel, which collapsed with debts of about $300 million, leaving about 800 Townsville refinery workers …

Clive Palmer's plans for new open-cut mine outrage sacked Queensland Nickel workers
8 years, 2 months ago

Clive Palmer's plans for new open-cut mine outrage sacked Queensland Nickel workers

ABC  

Clive Palmer is looking to build a new open-cut coal mine on his central Queensland cattle station, despite his collapsed Queensland Nickel refinery still owing more than $300 million. Key points: Two subsidiaries of Mr Palmer's Mineralogy wants to mine Mamelon station Queensland Nickel administrators tried and failed to sell the property last year Former workers angry Mr Palmer's planning …

Queensland Nickel ordered to hand over stack of financial files to liquidators
8 years, 3 months ago

Queensland Nickel ordered to hand over stack of financial files to liquidators

ABC  

Queensland Nickel has been ordered to hand over a huge stash of documents to liquidators investigating the collapse of the former Clive Palmer operation, but Mr Palmer's lawyer says former chief financial officer Daren Wolfe is the only person who knows how. In the Federal Court in Brisbane today, Mr Palmer's lawyer Sam Iskandar said Queensland Nickel might not be …

Clive Palmer loses High Court bid to stop Queensland Nickel questioning
8 years, 4 months ago

Clive Palmer loses High Court bid to stop Queensland Nickel questioning

ABC  

The High Court has thrown out a bid by businessman and former Federal MP Clive Palmer to stall questioning by the liquidators of his collapsed company Queensland Nickel. But he challenged the validity of a law the liquidators used to compel him to answer questions about the company, saying it was invalid because it took away the court's discretion. But …

Clive Palmer loses bid to halt Queensland Nickel examination in Federal Court
8 years, 6 months ago

Clive Palmer loses bid to halt Queensland Nickel examination in Federal Court

ABC  

Clive Palmer has failed in his latest bid to disrupt proceedings in his Federal Court examination over the collapse of the Queensland Nickel refinery. Lawyers for the former federal MP and Queensland Nickel owner argued for an adjournment to allow for the High Court to hear Mr Palmer's application to prevent further examination by liquidators. 'Very happy' about High Court …

Clive Palmer seeks High Court injunction to halt questioning over Queensland Nickel collapse
8 years, 6 months ago

Clive Palmer seeks High Court injunction to halt questioning over Queensland Nickel collapse

ABC  

Clive Palmer, the former owner of Queensland Nickel, has applied to the High Court to prevent further examination of him by liquidators over the collapse of the refinery. Queensland Nickel debt 'trivial' Mr Palmer described Queensland Nickel's debts late last year as "trivial". Mr Sullivan suggested Mr Palmer knew Queensland Nickel had a "systemic cash flow problem" by early September …

Clive Palmer's security clashes with media after Queensland Nickel collapse court hearing
8 years, 6 months ago

Clive Palmer's security clashes with media after Queensland Nickel collapse court hearing

ABC  

Clive Palmer's security detail has clashed with reporters as the former federal MP left court after giving evidence at a hearing into the collapse of his Queensland Nickel refinery. While testifying in the Federal Court, Mr Palmer denied he had full financial control of Queensland Nickel in the year before the Townsville refinery's collapse. Mr Palmer was also questioned about …

Former Queensland Nickel executive invoiced company for other work done for Clive Palmer
8 years, 6 months ago

Former Queensland Nickel executive invoiced company for other work done for Clive Palmer

ABC  

A former managing director of Queensland Nickel invoiced the company for other work he carried out for his friend Clive Palmer, the Federal Court has been told. Ian Ferguson first met Mr Palmer in the 1970s while in the property industry and was approached by the businessman in 2012 to join Queensland Nickel. He told the court that when he …

Queensland Nickel refused finance by banks before collapse, Federal Court hears
8 years, 6 months ago

Queensland Nickel refused finance by banks before collapse, Federal Court hears

ABC  

Queensland Nickel's financial position was so bad in the months before it collapsed that the company approached all of the country's big four banks for finance, the Federal Court has heard. Mr Wolfe said he discussed the cash shortfall with Queensland Nickel owner Clive Palmer and managing director Clive Mensink, but the issue of insolvency was not raised until December …

Clive Palmer had active role in Queensland Nickel finances despite quitting as director, court hears
8 years, 6 months ago

Clive Palmer had active role in Queensland Nickel finances despite quitting as director, court hears

ABC  

Queensland Nickel's former chief financial officer, Daren Wolfe, has told Brisbane's Federal Court all expenses over $10,000 had to be approved by Clive Palmer, even after he quit as a director. Mr Wolfe told the court that Queensland Nickel's owner, Mr Palmer, had an active involvement in financial decisions. There was an approvals process in place that meant expenditure needed …

Clive Palmer wants Yabulu nickel refinery running by March 31
8 years, 8 months ago

Clive Palmer wants Yabulu nickel refinery running by March 31

ABC  

Clive Palmer says he plans to restart production at his north Queensland nickel refinery in nine months and re-hire up to 800 workers. Mr Palmer's former managers of the Yabulu refinery, Queensland Nickel, went into liquidation in April, leaving more than 800 people without jobs and redundancy entitlements. Mr Palmer said a turnaround in nickel prices and new funding would …

Clive Palmer says he won't appear at Queensland Nickel Federal Court hearing
8 years, 9 months ago

Clive Palmer says he won't appear at Queensland Nickel Federal Court hearing

ABC  

Clive Palmer says he will not be appearing in the Federal Court in Brisbane next week to answer questions about the demise of Queensland Nickel. Mr Palmer is scheduled to front the court about his Townsville nickel refinery next Tuesday, as the Federal Government pursues almost $70 million in entitlements paid to more than 800 sacked Queensland Nickel workers. In …

Clive Palmer's Queensland Nickel to be investigated by special purpose liquidator, court rules
8 years, 10 months ago

Clive Palmer's Queensland Nickel to be investigated by special purpose liquidator, court rules

ABC  

A special purpose liquidator has been brought in to claw back tens of millions owed to the Federal Government by Clive Palmer's Queensland Nickel. It will also investigate transactions between Queensland Nickel and Mr Palmer's other businesses QNI Metals and QNI Resources, as well as the activities of the various directors and officers. FTI Consulting's 124-page report into Queensland Nickel …

Clive Palmer to sue Queensland Nickel administrators FTI Consulting for $1.2 billion
8 years, 10 months ago

Clive Palmer to sue Queensland Nickel administrators FTI Consulting for $1.2 billion

ABC  

Businessman and retiring federal MP Clive Palmer will sue the administrators of his beleaguered Queensland Nickel refinery in Townsville for $1.2 billion. Mr Palmer said he would sue FTI Consulting in the coming weeks for allegedly lying in a report to creditors and illegally diverted money from his companies. Queensland Nickel appointed FTI Consulting as administrators in January to oversee …

Queensland Nickel workers to get medical checks from state after Clive Palmer refuses, government says
8 years, 10 months ago

Queensland Nickel workers to get medical checks from state after Clive Palmer refuses, government says

ABC  

The Queensland Government says it will pay to give sacked workers at Clive Palmer's Queensland Nickel refinery exit medical checks after the mining magnate-turned federal MP refused. Premier Annastacia Palaszczuk said Mr Palmer had put the health and rights of the 729 workers at risk. "Although provision of exit medicals is not a current Queensland Health function, we are well …

Clive Palmer's Queensland Nickel creditors meet over liquidation vote
8 years, 11 months ago

Clive Palmer's Queensland Nickel creditors meet over liquidation vote

ABC  

Creditors of Clive Palmer's Queensland Nickel are today preparing to vote on whether to liquidate the company. A report released by administrators FTI Consulting earlier this month found Queensland Nickel incurred debts of $771 million after going insolvent in November. FTI Consulting, however, has disputed debts of about $308 million owed to Mr Palmer's joint companies QNI Metals and QNI …

Clive Palmer's Queensland Nickel creditors vote to liquidate debt-laden company
8 years, 11 months ago

Clive Palmer's Queensland Nickel creditors vote to liquidate debt-laden company

ABC  

Creditors of Clive Palmer's Queensland Nickel have voted to liquidate the company, a fortnight after administrators made the recommendation amid crippling debt. Key points: Liquidation move will allow pursuit of any Clive Palmer debts Administrators urged liquidation in report earlier this month Sacked workers among creditors voting to liquidate Creditors, including 800 sacked workers, agreed at a meeting in Townsville …

Queensland Nickel debts will probably not be paid, former director Clive Mensink tells court
8 years, 11 months ago

Queensland Nickel debts will probably not be paid, former director Clive Mensink tells court

ABC  

The structure of Queensland Nickel means Clive Palmer and his related companies are not responsible for its debts, the company's former director has told Brisbane's Supreme Court. Mr Palmer's companies QNI Metals and QNI Resources are seeking an injunction in Brisbane's Supreme Court to block the administrators of Queensland Nickel, FTI Consulting, from appointing receivers to recover $190 million. 'They …

Clive Palmer commissions another audit into Queensland Nickel refinery
8 years, 11 months ago

Clive Palmer commissions another audit into Queensland Nickel refinery

ABC  

Clive Palmer says he will commission another audit after a damning report into his beleaguered Townsville nickel refinery in north Queensland. "We have commissioned PwC to complete and issue an independent report into Queensland Nickel Proprietary Limited insolvency, up until the appointment of an administrator," he said. "There's a lot of tailings at the refinery which contain about 42 per …

There's a silver lining to Palmer and Queensland Nickel's downfall
8 years, 11 months ago

There's a silver lining to Palmer and Queensland Nickel's downfall

ABC  

Clive Palmer's downfall and the collapse of Queensland Nickel could finally spark changes to the corporate bailout program and spur our watchdog into growing a set of teeth, writes Ian Verrender. Unhappily for Palmer, the collapse of Queensland Nickel has focused attention on two fundamental shortcomings of the business world that largely have eluded public gaze for the past 15 …

Clive Palmer says 'at no time' did he take money out of Queensland Nickel
8 years, 11 months ago

Clive Palmer says 'at no time' did he take money out of Queensland Nickel

ABC  

Federal MP and businessman Clive Palmer says "at no time" did he take any money out of Queensland Nickel. Key points: Clive Palmer says he did not use Queensland Nickel money for private purposes and was not a shadow director Says Malcolm Turnbull should have stepped in earlier to prevent the firm collapsing Federal Government will apply to appoint a …

Queensland Nickel: Ewen Jones brought to tears as Federal Government announces help for former workers
8 years, 11 months ago

Queensland Nickel: Ewen Jones brought to tears as Federal Government announces help for former workers

ABC  

A federal Queensland MP was brought to tears while describing how the Government will pursue Clive Palmer for money owed to former nickel refinery workers. Key points: Workers will get majority of their entitlements under Commonwealth scheme The Federal Government will apply to become a special purpose liquidator The $73.9 million bill will be largest under the scheme for a …

Clive Palmer: Government to chase refinery owner for $74m owed to Queensland Nickel workers
8 years, 11 months ago

Clive Palmer: Government to chase refinery owner for $74m owed to Queensland Nickel workers

ABC  

The Federal Government will pursue Clive Palmer and his businesses to recover almost $74 million in entitlements owed to sacked Queensland Nickel workers. Key points: Clive Palmer criticised for not paying former workers nearly $74m in entitlements Information sessions will be held in Townsville so former workers can lodge claims The bill will be the largest payout under FEG for …

Clive Palmer says it is cheaper to save Queensland Nickel than shut it down
8 years, 11 months ago

Clive Palmer says it is cheaper to save Queensland Nickel than shut it down

ABC  

It would be cheaper and easier to save Queensland Nickel than to shut it down, sell off the assets and clean up the site, Clive Palmer says. Key points: Liquidation of Queensland Nickel recommended, owes $200m Clive Palmer alleged as being reckless and acting as shadow director by administrators Mr Palmer released a 93-page document that he says clears him …

Clive Palmer says Joint Venture Agreement clears him of Queensland Nickel shadow director claim
8 years, 11 months ago

Clive Palmer says Joint Venture Agreement clears him of Queensland Nickel shadow director claim

ABC  

Clive Palmer has released a Joint Venture Agreement he says proves he was not acting as a shadow director of his beleaguered Queensland Nickel refinery. He also says millions of dollars in donations to his Palmer United Party should have been listed as coming from two of his other companies, not Queensland Nickel Pty Ltd. On Tuesday, administrators FTI Consulting …

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