InDaily

Adelaide's independent news

Support

Palmer flags 1000 jobs when nickel price recovers

Business

Clive Palmer wants to reopen his Townsville refinery when world nickel prices recover and says prices are already on the rise.

Comments
Comments Print article

The federal MP hopes to create up to 1000 jobs in Townsville, where almost 800 people were left unemployed after the collapse of his company Queensland Nickel.

Palmer has called on the Queensland government to work with him to ensure refinery jobs can be salvaged down the track.

“Queensland Nickel is certainly finished … but if we’re talking about the refinery certainly it’s being kept in care and maintenance at the moment, and can start up within a short period of time,” he told ABC radio.

“And the nickel price is already starting to recover so if we get a full recovery later on in the year, it’s our plan to open it up and to create up to another 1000 jobs up there for people.”

But Queensland Treasurer Curtis Pitt wants Palmer out of the picture after administrators said there was evidence of gross, and possibly criminal, mismanagement by Palmer and his nephew before Queensland Nickel collapsed.

“At the appropriate time there will be an opportunity to get it back up and running,” Pitt told the ABC.

“Between now and then Mr Palmer has a decision to make and that is whether he’ll exit the business and allow somebody who will come in and run that plant for the benefit of the people of Townsville and the north Queensland economy.”

Administrators FTI Consulting have said Queensland Nickel should be wound up, and there’s evidence to suggest Palmer used the company as a “piggy bank” to fund his other businesses and interests.

Palmer denies that and says at no time did he or any of his associated companies take money “beneficially owned by Queensland Nickel for any purpose”.

Creditors will vote on Friday on the recommendation to put the company into liquidation.

AAP

We value local independent journalism. We hope you do too.

InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to become an InDaily supporter.

Powered by PressPatron

Comments

Show comments Hide comments
Will my comment be published? Read the guidelines.

More Business stories

Loading next article

Subscribe to InDaily – it’s free!

South Australia’s locally owned, independent source of digital news.

Subscribe now and go in the monthly draw* for your chance to WIN a $100 Foodland voucher!

Subscribe free here

*Terms and conditions apply

Welcome back!

Did you know it’s FREE to subscribe?

Subscribe now and go in the monthly draw* for your chance to WIN a $100 voucher!

Subscribe

*Terms and conditions apply