Clive Palmer's companies owe $1.2m in unpaid council rates

CLIVE Palmer-owned companies owe more than $1.2 million in rates to Townsville City Council, having not made payments for his Yabulu nickel refinery since June 2016.

It comes as Mayor Jenny Hill revealed two offshore investors had contacted the council expressing interest in buying the refinery.

The council has considered seizing ownership of the refinery but due to Chain of Responsibility legislation decided against it as the onus of bringing the plant up to stringent environmental standards would fall on ratepayers.

Cr Hill said Mr Palmer's joint-venture companies QNI Metals and QNI Resources, which own the refinery, were in arrears of more than $1.2 million for rates and utilities charges.

She said a payment plan had been entered into last year but the payments stopped by June.

More at Townsville Bulletin

Topics:  business clive palmer general-seniors-news

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