Clive Palmer says he is not responsible for paying Queensland Nickel workers' entitlements
9 years, 1 month ago

Clive Palmer says he is not responsible for paying Queensland Nickel workers' entitlements

ABC  

Clive Palmer says he is not personally responsible for paying out the entitlements of Queensland Nickel workers made redundant before the company went into voluntary administration. The company, which donated more than $20 million to Palmer United Party, went into voluntary administration last week and the administrators have so far refused to pay the entitlements of the 237 workers laid off at the Yabulu refinery near Townsville. Upon his election to federal parliament in 2013, Mr Palmer stepped down as director of the company and says he has only been in a supervising role since. "When the workers were made redundant they were given two weeks' wages in advance, and then under the Fair Work act they were given a statement of their entitlements," he said.

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History of this topic

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, 7 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 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 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 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 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, …

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 …

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 …

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 …

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 …

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'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 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 …

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 …

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 …

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 …

Queensland Nickel liquidation could see taxpayers fund payouts, Employment Minister says
8 years, 11 months ago

Queensland Nickel liquidation could see taxpayers fund payouts, Employment Minister says

ABC  

Prime Minister Malcolm Turnbull has urged Clive Palmer to "put his money up" to help workers sacked from the Queensland Nickel refinery, saying it is the least the magnate could do. Key points: Taxpayer-funded scheme would be a last resort Outstanding entitlements are about $73 million Clive Palmer "morally obliged" to pay workers' entitlements, Michaelia Cash says Taxpayers may have …

Clive Palmer labels damning Queensland Nickel report 'lies and fantasy'
8 years, 11 months ago

Clive Palmer labels damning Queensland Nickel report 'lies and fantasy'

ABC  

Clive Palmer has described a damning administrator's report into Queensland Nickel as lies and fantasy and declared no court will find against him. Key points: Report finds Clive Palmer appeared to have acted recklessly as director Government considers whether to pay entitlements to almost 800 sacked workers Administrator recommends liquidation of company Spending on safety at refinery halved since BHP …

Clive Palmer denies being Queensland Nickel shadow director, says he has nothing to hide
8 years, 11 months ago

Clive Palmer denies being Queensland Nickel shadow director, says he has nothing to hide

ABC  

Federal MP Clive Palmer says he "absolutely" did not act as a shadow director at the failed Queensland Nickel, but that he was part of a committee that approved expenditure at the company. Immediately after Four Corners aired, Mr Palmer told Lateline he made decisions about Queensland Nickel's expenditure as a member of the joint venture committee, which was set …

Clive Palmer's Queensland Nickel should be liquidated, administrators tell creditors
8 years, 11 months ago

Clive Palmer's Queensland Nickel should be liquidated, administrators tell creditors

ABC  

Clive Palmer's Townsville refinery could have survived the drop in nickel prices if millions of dollars had not been shifted from it to the federal MP's other businesses, administrators say. Key points: Creditors to vote on whether to liquidate Queensland Nickel, after administrators recommend it Company owes about $74 million to sacked workers Report says vintage cars were bought using …

Clive Palmer's Queensland Nickel: Government sets conditions for potential bailout of Townsville refinery
9 years ago

Clive Palmer's Queensland Nickel: Government sets conditions for potential bailout of Townsville refinery

ABC  

The Queensland Government has spelled out a strict set of conditions under which it might help Clive Palmer's ailing Queensland Nickel refinery in Townsville. "We would also need to be very clear that any funding provided by the Government — if we were to provide any — would be fully secured against the administrators themselves through the creditors process. Palmer …

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 …

Malcolm Turnbull blasts Clive Palmer over 'shocking' management of Queensland Nickel
9 years, 1 month ago

Malcolm Turnbull blasts Clive Palmer over 'shocking' management of Queensland Nickel

ABC  

Prime Minister Malcolm Turnbull has slammed Clive Palmer's "shocking" management of Queensland Nickel, as creditors meet with sacked workers and companies owned money. "His management of Queensland Nickel, from what we know to date, is shocking," Mr Turnbull told Melbourne-based radio station 3AW. In a statement released today, the new managing director of QNI and Mr Palmer's nephew Clive Mensick, …

Queensland Nickel: Clive Palmer 'could be liable' if he acted as QNI 'shadow director', lawyer says
9 years, 1 month ago

Queensland Nickel: Clive Palmer 'could be liable' if he acted as QNI 'shadow director', lawyer says

ABC  

Clive Palmer could be held personally liable and face a hefty compensation payout if he is found to have operated Queensland Nickel as "shadow director" while the company was insolvent. Key points: Palmer says he did not covertly keep running the refinery after becoming an MP Palmer remained on Queensland Nickel expenditure committee after move into politics Lawyer says Palmer …

Clive Palmer denies putting business interests ahead of Queensland Nickel workers, reveals $250 million package for refinery
9 years, 2 months ago

Clive Palmer denies putting business interests ahead of Queensland Nickel workers, reveals $250 million package for refinery

ABC  

Federal MP Clive Palmer has denied he tried to put his business interests ahead of the 237 workers who lost their jobs at the Queensland Nickel refinery. Key points: Mr Palmer says he has put forward $250 million worth of assets to help Queensland Nickel The refinery went into voluntary administration on Monday Company will come out "stronger, leaner, fitter, …

Workers sacked from Clive Palmer's Queensland Nickel plant offered $500,000 by Federal Government
9 years, 2 months ago

Workers sacked from Clive Palmer's Queensland Nickel plant offered $500,000 by Federal Government

ABC  

The Federal Government has offered $500,000 to help workers sacked from Clive Palmer's troubled Queensland Nickel. "While the Government's immediate priority is to ensure affected employees receive appropriate support to find new employment, we remain focused on working with all stakeholders to promote key economic infrastructure in Townsville and north Queensland with a view to creating long term, sustainable jobs." …

Union gears up to protect entitlements as Queensland Nickel is placed into voluntary administration
9 years, 2 months ago

Union gears up to protect entitlements as Queensland Nickel is placed into voluntary administration

ABC  

Queensland Workers' Union leaders say they will fight for the rights of workers at Queensland Nickel after it was placed into voluntary administration earlier today. Clive Palmer's nickel and cobalt refinery at Yabulu, north-west of Townsville, announced the news this morning, just days after the company sacked 237 workers, citing low commodity prices and lack of government support. Administrators FTI …

Clive Palmer's Queensland Nickel goes into voluntary administration
9 years, 2 months ago

Clive Palmer's Queensland Nickel goes into voluntary administration

ABC  

Clive Palmer's Queensland Nickel has gone into voluntary administration, company directors have announced. Key points: FTI Consulting appointed to manage Queensland Nickel's operations as voluntary administrators Queensland Nickel will continue to trade while the company's financial position is assessed 237 workers sacked; move blamed on low nickel prices and State Government's refusal to guarantee a $35m loan FTI Consulting has …

Clive Palmer says Queensland Nickel donations to PUP were made before fall in nickel prices
9 years, 2 months ago

Clive Palmer says Queensland Nickel donations to PUP were made before fall in nickel prices

ABC  

Clive Palmer says donations made by Queensland Nickel to the Palmer United Party were made before falling nickel prices led the struggling company to sack 237 workers. "The Government has done everything they possibly can with Queensland Nickel," she said. "My firm view is that the priority for Mr Palmer should have been for the jobs and the workers at …

Clive Palmer defends donations by Queensland Nickel to PUP despite job losses at Yabulu refinery
9 years, 2 months ago

Clive Palmer defends donations by Queensland Nickel to PUP despite job losses at Yabulu refinery

ABC  

Clive Palmer has defended multi-million-dollar donations from his struggling Queensland Nickel refinery to the Palmer United Party. Key points: Clive Palmer defends multi-million-dollar donations from Queensland Nickel refinery to PUP Mr Palmer says the $288,516 donation was not made on December 31, as captured in ECQ figures Mineralogy, another of Mr Palmer's ventures, gave $400,000 to PUP during the Christmas …

Queensland Nickel: 237 workers to lose jobs at Clive Palmer's refinery in Townsville
9 years, 2 months ago

Queensland Nickel: 237 workers to lose jobs at Clive Palmer's refinery in Townsville

ABC  

Clive Palmer's Queensland Nickel refinery in Townsville has confirmed it will lay off 237 workers. Key points: 237 workers made redundant at Yabulu nickel refinery, north of Townsville 550 employees to remain at the business, AWU says During the 2014–2015 financial year, Queensland Nickel donated nearly $6 million to the Palmer United Party Workers say job losses "not unexpected news" …

Clive Palmer's businesses donated $9.5m to PUP months before asking Queensland Government for help with $35m loan
9 years, 3 months ago

Clive Palmer's businesses donated $9.5m to PUP months before asking Queensland Government for help with $35m loan

ABC  

Documents released by the Electoral Commission Queensland show Clive Palmer's various businesses, including Queensland Nickel, donated about $9.5 million to his Palmer United Party just months before he asked theState Government for help to get a loan. Mr Palmer was turned down by the State Government earlier this month after asking it to act as guarantor for a $35 million …

Workers' entitlements at Clive Palmer's Queensland Nickel 'well and truly covered'
9 years, 3 months ago

Workers' entitlements at Clive Palmer's Queensland Nickel 'well and truly covered'

ABC  

Clive Palmer says workers' entitlements will be "well and truly covered" regardless of what happens to his Queensland Nickel refinery. Mr Palmer met with the Queensland Treasurer on Tuesday, requesting help to keep the Yabulu smelter, near Townsville, open. Treasurer Curtis Pitt indicated on Wednesday he would consider a temporary lifeline, but believed long-term the company could trade itself out …

Judge dismisses bid for Clive Palmer-owned Queensland Nickel to be paid royalties by Chinese partner CITIC
9 years, 3 months ago

Judge dismisses bid for Clive Palmer-owned Queensland Nickel to be paid royalties by Chinese partner CITIC

ABC  

Hundreds of jobs at Queensland Nickel's Townsville refinery could be lost after a West Australian judge dismissed Clive Palmer's bid for $US48 million from his estranged Chinese business partner, CITIC Pacific. CITIC lawyer Charles Scerri questioned that urgency, arguing the previous "drop dead date" for Queensland Nickel had been Friday, but that had been miraculously extended until Tuesday. Mr Scerri …

Clive Palmer-owned Queensland Nickel in 'dire financial situation', WA court hears
9 years, 3 months ago

Clive Palmer-owned Queensland Nickel in 'dire financial situation', WA court hears

ABC  

The West Australian Supreme Court has heard Clive Palmer's Queensland Nickel refinery is in a dire financial position and could face unspecified consequences if his bid for a $48 million payment from one his Chinese business partners is not met this week. Mr Palmer's company Mineralogy is locked in a long-running legal battle with the CITIC Group over disputed royalties …

Clive Palmer 'will not allow' Queensland Nickel to borrow $25 million from State Government
9 years, 5 months ago

Clive Palmer 'will not allow' Queensland Nickel to borrow $25 million from State Government

ABC  

Queensland mining magnate and federal MP Clive Palmer has distanced himself from reports his company discussed a potential $25 million loan from the State Government. The ABC understands Cabinet debated a potential $25 million loan to Queensland Nickel on Monday, after correspondence between Queensland Treasury and the company about a possible loan and a government guarantee for banking facilities. "I …

Clive Palmer says Queensland Nickel pays multi-million-dollar carbon tax bill, denies company was to be shut down
10 years, 11 months ago

Clive Palmer says Queensland Nickel pays multi-million-dollar carbon tax bill, denies company was to be shut down

ABC  

Federal MP Clive Palmer says his mining company Queensland Nickel has paid its multi-million-dollar carbon tax bill before the Clean Energy Regulator's April 5 deadline. Mr Palmer says newspaper reports suggesting the Clean Energy Regulator was preparing to shut down Queensland Nickel over the unpaid bill are false. A statement from Queensland Nickel said: "In response to the invitation by …

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