After eight years of financial heartbreak and court battles, the liquidator of Clive Palmer’s former Queensland Nickel refinery says it has paid the company’s creditors in full.
The Yabulu Nickel Refinery, owned by Queensland Nickel Industries, was the Townsville region’s largest private employer when it collapsed in 2016, owing hundreds of millions of dollars.
More than 700 workers lost their jobs.
Liquidator FTI announced yesterday that outstanding creditors had been paid $300 million — a full settlement of claims, it said.
End of saga in sight?
FTI senior managing director Kelly Trenfield said when FTI was first appointed, it estimated QNI owed about $800 million.
Many of those claims had been settled, removed or reduced over the…
