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Palmer company ordered to pay $17.6 million

Clive Palmer’s flagship company Mineralogy ordered to pay $US17.6m to a Singaporean company for underwater gas survey works.

Sarah ElksSarah Elks
less than 2 min read
11:07AMOctober 09, 2017

Clive Palmer has suffered a significant legal loss, after his flagship company Mineralogy was ordered to pay $US17.6m to a Singaporean company for underwater gas survey works.

Queensland Supreme Court judge David Jackson this morning ruled against Mr Palmer’s Mineralogy, which had argued it should not have to pay the bill for work done for Mr Palmer in the Gulf of Papua in 2011.

Justice Jackson dismissed Mineralogy’s claim and granted BGP’s counter-claim, ordering Mineralogy pay $US17,629,673.83.

A lawyer for Mr Palmer indicated he would consider an appeal of the judgement, which is separate to the 20 cases sparked by Mr Palmer’s Queensland Nickel collapse last year.

More to come.

Read related topics:Clive Palmer
Sarah Elks
Sarah ElksSenior Reporter

Sarah Elks is a senior reporter for The Australian in its Brisbane bureau, focusing on investigations into politics, business and industry. Sarah has worked for the paper for 15 years, primarily in Brisbane, but also in Sydney, and in Cairns as north Queensland correspondent. She has covered election campaigns, high-profile murder trials, and natural disasters, and was named Queensland Journalist of the Year in 2016 for a series of exclusive stories exposing the failure of Clive Palmer’s Queensland Nickel business. Sarah has been nominated for four Walkley awards. Got a tip? elkss@theaustralian.com.au; GPO Box 2145 Brisbane QLD 4001

Sarah Elks

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Original URL: https://www.theaustralian.com.au/business/mining-energy/palmer-company-ordered-to-pay-176-million/news-story/d952133993ac16b786dd2780b444282f