A slump in the nickel price is understood to have put pressure on Clive Palmer's business Queensland Nickel.
A slump in the nickel price is understood to have put pressure on Clive Palmer's business Queensland Nickel. Warren Lynam

Palmer's Qld Nickel in talks over $25m government loan

THE Palaszczuk Government and one of Clive Palmer's key businesses, Queensland Nickel Pty Ltd, were in discussions about a potential $25 million loan to help the company.

It is understood the Queensland Cabinet debated the issue during its weekly meeting on Monday, after a series of correspondence between Treasury and Queensland Nickel Pty Ltd about a possible loan and a Government guarantee for banking facilities.

The office of Treasurer Curtis Pitt has confirmed the Government held discussions with Queensland Nickel about the impact of the slumping world nickel price.

The company operates a nickel refinery at Yabulu, about 25 kilometres north of Townsville.

The plant was once owned by disgraced corporate high-flier Alan Bond. At its peak the refinery employed 900 staff.

Read more about this on ABC News Online.



Popular cafe shakes things up with late-night hours

Popular cafe shakes things up with late-night hours

Indulge to offer new relaxed dining and cocktail experience

Centrelink goes after Aussies with welfare debts

Centrelink goes after Aussies with welfare debts

“For those who refuse to take action, interest charges are only the beginning."

Four more men charged, in court after shooting

Four more men charged, in court after shooting

Detectives have charged four more men following investigations.

Local Partners