Clive Palmer: Future of MP's business empire in doubt
THE future of federal MP Clive Palmer's business empire looks shaky after a West Australian judge last night rejected his bid for $US48 million from his estranged Chinese business partner CITIC.
Mr Palmer's company Mineralogy was seeking an urgent order from the court for CITIC to pay the money by 4:30pm on Monday, stating that was the deadline for putting his Townsville nickel refinery into administration and sacking 776 workers.
Outside court, a spokesman for CITIC Pacific, Rob Newton, said the company's thoughts were with the workers of the Yabalu refinery but that the future of Queensland Nickel was not Citic's responsibility.
"Mr Palmer is responsible for how he spends his money and his business decisions," Mr Newton said.
"Over recent years, those decisions have included golf courses, they've included soccer teams, nickel mines, Titanic 2 and robotic dinosaurs."
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