Court finds Palmer’s Qld Nickel was insolvent, but Mineralogy cleared

Clive Palmer’s failed Queensland Nickel refinery was insolvent in the days before administrators were called in, a judge has found.

Jun 03, 2020, updated Jun 03, 2020

(Photo: ABC)

But Justice Debra Mullins dismissed the liquidators’ claim against Palmer’s flagship company Mineralogy that it was indebted to QNI.

The judgment follows a mammoth Supreme Court civil trial into the company’s 2016 collapse, which left 800 people out of work.

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Palmer settled the majority of the $200 million lawsuit last year — including agreeing to repay $66 million in taxpayer funds forked out for sacked worker entitlements.

But general-purpose liquidators continued to pursue his companies in court for the remaining claims.

– ABC / Kate McKenna

Topics: clive palmer, Justice Debra Mullins, mineralogy, QNI, Queensland Nickel

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