Knowledge (XXG)

Queensland Nickel

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plan was that the new company would continue to operate the refinery and would pay the outstanding expenses incurred during the administration, but required the administrator to agree transfer the cash held in the Queensland Nickel Pty Ltd bank account. In a sworn affidavit, Kelly-Anne Trenfield explained why the administrators would not agree to this transfer of cash. After the report by the administrators on Clive Palmer and Queensland Nickel on 11 April 2016, politicians and media from around the country criticised Palmer. In early April 2016 the administrators,
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however was revealed to have been achieved through the sacking of over 200 workers and reports of safety gaps leading to an explosion shortly before administration was announced. The reduction in production costs ensured that the QN Group of companies was still able to continue operations and employ people, despite the falling price of nickel on the world market.
184:. As part of the purchase, Palmer had to personally guarantee over $ 3 billion to ensure workers' jobs were safe. The impact on the local economy was immense as the refinery's operations were responsible for 1970 full-time equivalent jobs in North Queensland, $ 150 million in income and salaries in addition to $ 1.1 billion in output for the local economy. 204:
in 2009 and 2011—releasing 516 tonnes (508 long tons; 569 short tons) of toxic waste water on the latter occasion. In June 2012, Queensland Nickel stated it intended to release waste water, continuously for three months, "at least 100 times the allowed maximum level as well as heavy metals and other
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In April 2018 Palmer claimed the attacks were politically motivated and launched a counter claim and sued the liquidators for $ 1.8 billion in damages. In August 2019 Palmer settled and agreed to pay the entitlements of the sacked Queensland Nickel workforce. In 2021 appeal courts ordered Palmer to
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The refinery carried out two operations: ore processing and refining using the energy intensive Caron Process. By design, the front-end of the refinery is where the ore is processed by drying and roasting whereas the back-end is where it is refined and prepared for sale to the international market.
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In March 2016 it was proposed by Palmer to transfer the employment of hundreds of employees, including their entitlements, to a new company Queensland Nickel Sales, a joint venture between two of Clive Palmer's companies, QNI Resources Pty Ltd and QNI Metals Pty Ltd, with Mensink as director. The
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in two years including a donation of $ 288,516 days before the workers were terminated. On 15 January 2016 the company Queensland Nickel Pty Ltd terminated 237 workers. The company blamed poor nickel prices, which were at a twelve-year low and the refusal of the Queensland Government to support
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When the operation was first acquired by Palmer in 2009, the cost of production was over $ 8 per pound. During the course of the next five years, the manager and director Clive Mensink (Palmer's nephew) was responsible for the reduction in the cost of production to $ 4.40 per pound. This price
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In 1986, the first test shipments of Nickel ore from Indonesia and New Caledonia were processed at the refinery with regular shipments starting in 1988 and 1989. It was in 1989 that the refinery's internationally patented ammoniac AL solvent extraction technology was introduced to the refining
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We have strongly encouraged the company to investigate options that do not entail releasing the material to the environment and to develop a management plan to eliminate this potential hazard; however, GBRMPA does not have legislative control over how the Yabulu tailings dam is
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On 29 June 2018, Palmer held a press conference in Townsville to address the claims against him and announced his intention to re-open the refinery and create hundreds of jobs. Due to high cobalt prices in 2018, there is also an estimated $ 6 billion worth of cobalt in the
209:(GBRMPA) briefing stated the company had "threatened a compensation claim of $ 6.4bn should the GBRMPA intend to exert authority over the company's operations". In response to the publication of the dumping incidents, the GBRMPA stated: 1020: 644: 779: 812: 715: 868: 622: 746: 269:
onsite at the refinery operations in Yabulu. At the same time Palmer began his return to Australian politics. At the end of 2023 the Refinery remains closed with no published plans for restart.
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for the redundancies. However the government rejected the request, citing the refusal of the company to share full details with the government and its large donations to Palmer's
1141: 1211: 400: 444: 337: 448: 1043: 769: 705: 896: 802: 614: 738: 423: 248:, found that the company had "incurred debts of $ 771 million after going insolvent in November". On 22 April 2016 the company's creditors voted to 206: 1076: 470: 1216: 1206: 835: 672: 503: 1110: 922: 979: 947: 587: 362: 281:
song "Three Rivers Hotel" is the building of the railway line from the Greenvale Mine to the Yabulu Refinery in the early 1970s.
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When operating at full capacity, the Palmer Nickel and Cobalt Refinery is responsible for over $ 1 billion of output in the
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Despite having previously ruled-out requesting government funding, Palmer requested taxpayer-funded assistance from the
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economy and is the largest employer helping to generate over 3,000 direct and indirect jobs in Queensland.
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to purchase the refinery and save jobs in North Queensland. Palmer acquired the refinery in 2009 from
984: 952: 840: 677: 462: 496: 706:"Queensland government cool on Clive Palmer's plea to rescue nickel refinery | Australia news" 306: 236: 232: 1077:"Court orders Clive Palmer's company to pay $ 102m to liquidators over Queensland Nickel collapse" 1102: 201: 150: 131: 109:, Australia. The refinery was established in July 1971 Palmer acquired the refinery in 2009 from 102: 1051: 370: 873: 298: 138: 106: 235:. Despite its financial troubles, Queensland Nickel donated more than $ 20 million to the 739:"Clive Palmer's Queensland Nickel refinery to cut hundreds of jobs | Australia news" 245: 1200: 774: 710: 649: 266: 177: 98: 85: 330:"Search Company and Other Registers: QUEENSLAND NICKEL PTY. LTD. ACN 009 842 068" 130:
The ore used in these two operations is received via rail from a facility at the
615:"Clive Palmer's nickel refinery pumped toxic waste into Great Barrier Reef park" 249: 118: 531: 101:. Queensland Nickel owns and operates the Palmer Nickel and Cobalt Refinery at 1044:"Clive Palmer settles Queensland Nickel lawsuit, agrees to pay sacked workers" 1013:"Clive Palmer sues Queensland Nickel liquidators for $ 1.8 billion in damages" 869:"Confusion reigns as 550 of Clive Palmer's Queensland Nickel workers face axe" 565: 288: 278: 200:
in 2014 showed that Queensland Nickel discharged nitrate-laden water into the
173: 60: 1055: 770:"Clive Palmer's Queensland Nickel defends donation to PUP before job cuts" 588:"Palmer's nickel refinery under scrutiny over widespread safety concerns" 165:
was built to transport the ore from Greenvale to the refinery in Yabulu.
88:(as a joint venture between QNI Resources Pty Ltd and QNI Metals Pty Ltd) 921:
Queensland Nickel Pty Ltd (Administrators Appointed) (11 April 2016).
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Killoran, Matthew; McKenna, Kate; Marszalek, Jessica (11 March 2016).
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process to significantly improve the separation of nickel and cobalt.
424:"Advances in research on nickel production through the Caron process" 393:"Clive Palmer's Queensland Nickel goes into voluntary administration" 153:
was completed in 1974, after geologists commenced exploration of the
75: 803:"Nickel prices fall to 12-year low, Western Areas share price falls" 836:"Palmer under pressure to pay back millions to struggling refinery" 673:"Palmer under pressure to pay back millions to struggling refinery" 357: 355: 1191: 645:"Clive Palmer I Don't Need State Government Money for My Nickel" 1134:"Clive Palmer targets $ 6bn of cobalt from Queensland tailings" 497:"Economic Impacts of the Closure of the Yabula Nickel Refinery" 181: 110: 399:. Australian Broadcasting Corporation. 19 January 2016. 97:
is a company owned by businessman and former politician
948:"Queensland Nickel creditors meet for liquidation vote" 157:
deposit, an area originally mapped by officers of the
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Clive Palmer & Queensland Nickel Press Conference
256:pay a further $ 102M to outstanding QNI creditors. 117:. In April, 2016 the company's creditors voted for 81: 71: 55: 47: 39: 31: 23: 196:A freedom of information request by the Northern 422:Rhamdhani, Chen, Hidayat2, Jak2, Hayes (2009). 338:Australian Securities and Investments Commission 1164:"The Workers Who Inspired "Three Rivers Hotel'" 980:"Creditors vote to liquidate Queensland Nickel" 834:Bavas, Josh; Tapim, Francis (18 January 2016). 671:Bavas, Josh; Tapim, Francis (18 January 2016). 433:– via Swinburne University of Technology. 324: 322: 149:The company was established in July 1971. The 113:. On 19 January 2016 the company entered into 8: 443:: CS1 maint: multiple names: authors list ( 18: 801:Cauchi, Stephen Cauchi (25 November 2015). 447:) CS1 maint: numeric names: authors list ( 17: 895:Trenfield, Kelly-Anne (20 January 2017). 1212:Australian companies established in 1971 207:Great Barrier Reef Marine Park Authority 1103:"5 Year Cobalt Prices and Price Charts" 564:United Australia Party (29 June 2018), 318: 240:industry and jobs in North Queensland. 704:Robertson, Joshua (29 December 2015). 532:"Our History » QUEENSLAND NICKEL" 436: 737:Robertson, Joshua (15 January 2016). 718:from the original on 28 December 2015 625:from the original on 23 February 2014 7: 848:from the original on 17 January 2016 815:from the original on 24 January 2016 782:from the original on 18 January 2016 749:from the original on 17 January 2016 685:from the original on 17 January 2016 559: 557: 526: 524: 490: 488: 403:from the original on 19 January 2016 227:in late 2015 to guarantee a loan of 1144:from the original on 15 August 2018 613:Milman, Oliver (12 February 2014). 992:from the original on 22 April 2016 960:from the original on 22 April 2016 509:from the original on 17 March 2018 14: 1113:from the original on 13 July 2018 1023:from the original on 13 July 2018 1011:Crockford, Toby (12 April 2018). 768:Hurst, Daniel (17 January 2016). 542:from the original on 13 July 2018 473:from the original on 13 July 2018 363:"Queensland Nickel - Our History" 291: 198:Queensland Conservation Council 51:Awaiting approval for reopening 1: 1217:Mining companies of Australia 1207:Companies based in Queensland 946:Bavas, Josh (22 April 2016). 988:. Australia. 22 April 2016. 1132:Creagh, Ben (7 June 2018). 1042:Smee, Ben (5 August 2019). 901:Supreme Court of Queensland 159:Bureau of Mineral Resources 1238: 923:"Report by Administrators" 808:The Sydney Morning Herald 334:connectonline.asic.gov.au 1168:Australian Railway Songs 115:voluntary administration 467:Queensland Nickel Leaks 431:Proceedings of EMC 2009 216: 163:Greenvale railway line 151:Yabulu Nickel Refinery 225:Queensland Government 211: 1222:Mining in Queensland 192:Environmental issues 172:Queensland Premier, 463:"Queensland Nickel" 373:on 3 September 2015 307:Mining in Australia 277:The subject of the 237:Palmer United Party 233:Palmer United Party 20: 273:In popular culture 219:Financial troubles 202:Great Barrier Reef 132:Port of Townsville 1138:Australian Mining 205:contaminants". A 95:Queensland Nickel 92: 91: 19:Queensland Nickel 1229: 1179: 1178: 1176: 1174: 1160: 1154: 1153: 1151: 1149: 1129: 1123: 1122: 1120: 1118: 1099: 1093: 1092: 1090: 1088: 1073: 1067: 1066: 1064: 1062: 1039: 1033: 1032: 1030: 1028: 1008: 1002: 1001: 999: 997: 976: 970: 969: 967: 965: 943: 937: 936: 934: 932: 927: 918: 912: 911: 909: 907: 892: 886: 885: 883: 881: 874:The Courier-Mail 864: 858: 857: 855: 853: 831: 825: 824: 822: 820: 798: 792: 791: 789: 787: 765: 759: 758: 756: 754: 734: 728: 727: 725: 723: 701: 695: 694: 692: 690: 668: 662: 661: 659: 657: 641: 635: 634: 632: 630: 610: 604: 603: 601: 599: 584: 578: 577: 576: 574: 561: 552: 551: 549: 547: 528: 519: 518: 516: 514: 508: 501: 492: 483: 482: 480: 478: 459: 453: 452: 442: 434: 428: 419: 413: 412: 410: 408: 389: 383: 382: 380: 378: 369:. 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Index

Townsville
Nickel
Clive Palmer
Clive Palmer
Yabulu
North Queensland
BHP Billiton
voluntary administration
liquidation
Port of Townsville
North Queensland
Yabulu Nickel Refinery
Greenvale
Bureau of Mineral Resources
Greenvale railway line
Anna Bligh
Clive Palmer
BHP Billiton
Queensland Conservation Council
Great Barrier Reef
Great Barrier Reef Marine Park Authority
Queensland Government
Palmer United Party
Palmer United Party
FTI Consulting
liquidate
tailings dams
Slim Dusty
Australia portal
Mining in Australia

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