A former stockbroker with links to Andrew Forrest, and a former president of CPA Australia are among the syndicate behind the $1.5b deal to acquire Palmer’s mothballed nickel refinery.
A former stockbroker with links to Andrew Forrest, and a former president of CPA Australia are among the mystery syndicate behind the $1.5 billion deal to acquire Clive Palmer’s mothballed Queensland Nickel refinery.
The deal between Palmer and Zero Carbon Investek was contingent on the refinery gaining port access approval from the Queensland government, which it has. The deal is still to be ticked off by the Foreign Investment Review Board. The federal government now considers any investment in critical minerals, such as nickel and cobalt, as a national security sensitive sector.
Zero Carbon Investek has flagged that in addition to acquiring the refinery it intends to secure as much as $US800 million in investment to replace the refinery’s coal and gas-fired power source with a large-scale solar panel plant and battery storage facility.Rigoll began his career in Perth apparently as a plumber before becoming a junior investment banker after getting a break at the late entrepreneur Laurie Connell’s merchant bank Rothwells.
While Rigoll has lived for a long time overseas, based mainly in the Swiss tax haven of Zug, his career has not been without colour or controversy at home and abroad.A trial of a Perth cocaine dealer Murray Cohen, who looked after Western Australia’s rich and famous, inadvertently revealed Rigoll as one of his clients.newspaper reported how a police operation had intercepted hundreds of Cohen’s calls, when clients would ring with cocaine orders, using code names such as Napisan and champagne.
Max Petroleum, which had oil interests in Kazakhstan and was listed on London Stock Exchange’s market for small and medium size growth companies, AIM, is reported to be the company from which Rigoll made most of his money, but also headlines.Max Petroleum’s chief executive, chief operating officer and five other employees, were dismissed for breach of contract and in certain cases breach of fiduciary duty in 2007.
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