Clive Palmer sues Queensland Nickel administrators for $1.2b

Tuesday, 17 May 2016 09:15:34

Mining executive Clive Palmer speaks at a news conference in February, 2012. (AAP: John Pryke, file photo)

Businessman and retiring federal MP Clive Palmer is suing the administrators of his beleaguered Queensland Nickel refinery in Townsville for $1.2 billion.

Mr Palmer issued a statement today saying he would sue FTI Consulting and its senior manager John Park in the coming weeks in relation to its administration of the Queensland Nickel Joint Venture Agreement by Queensland Nickel.

Queensland Nickel appointed FTI Consulting as administrators in January to oversee the refinery after it went into voluntary administration, but was removed shortly after by the federal MP.

Queensland Nickel went into liquidation last month owing creditors more than $150 million.

The ABC has contacted FTI Consulting for comment.

AustraliaPlus

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Clive Palmer sues Queensland Nickel administrators for $1.2b

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