Clive Palmer has sold the Yabulu nickel and cobalt refinery in Townsville to a Swiss consortium for $1.3 billion, bringing to an end a more than decade of turbulence.
Queensland businessman Clive Palmer has sold the Yabulu nickel and cobalt refinery in Townsville to a Swiss consortium for $1.3 billion, bringing to an end more than a decade of turbulence.
Mr Palmer famously acquired Queensland Nickel for $1 from BHP, before it appointed administrators seven years agoCreditors chased him for $200 million and the council demanded $2.5 million in unpaid rates and water charges. Zero Carbon Investek said it was in advanced discussions with a “number of globally significant strategic players” over possible offtake opportunities and investment.
Nickel and cobalt are used in the production of electric vehicles , renewable power generation, battery manufacturing, energy storage, aerospace, defence and health, and a number of mining giants are pushing hardMr Palmer threw an extravagant Christmas party on Monday at the luxurious riverfront home in Fig Tree Pocket near Brisbane he purchased from the founder of failed Linc Energy, Peter Bond, and then spent millions of dollars redeveloping.