Queensland Nickel was losing $5 million a month and Clive Palmer signed a deal that would strip it of $135 million more, a court has heard. July 17, 2019 As Clive Palmer’s Queensland Nickel hurtled towards collapse, the ailing company was said to beĀ $25 million in the red and losing $5 million more each a […]
Clive Palmer is fighting a massive federal government lawsuit over the collapse of his Townsville refinery, Queensland Nickel. July 17, 2019 WHY IS CLIVE PALMER IN COURT? * The cash-strapped Queensland Nickel refinery collapsed in April 2016 with the loss of hundreds of jobs. * Liquidators want to recover about $200 million owed to creditors. […]
Clive Palmer prioritised payments to himself above employees and suppliers when his Queensland Nickel refinery went into administration, a court has heard. July 17, 2019 As Queensland Nickel headed towards collapse, Clive Palmer signed a $135 million deal to pay himself ahead of workers and suppliers, a court has been told. More light has been […]
Clive Palmer is a no-show on day two of a massive trial over the collapse of Queensland Nickel, which shut down in 2016 with the loss of hundreds of jobs. July 17, 2019 Clive Palmer has failed to show up for the second day of a massive trial over the collapse of Queensland Nickel, which […]
Clive Palmer’s Townsville nickel refinery was cash-strapped months before administrators were called in and hundreds of workers lost their jobs, a court heard. July 17, 2019 Clive Palmer’s Queensland Nickel refinery was trading insolvently months before administrators were called in to oversee the cash-strapped company, a court has heard. They ultimately decided the business was […]