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Australia Clive Palmer sues WA Government for at least $30b over Balmoral iron ore project

13:53  11 august  2020
13:53  11 august  2020 Source:   abc.net.au

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The mining billionaire Clive Palmer is suing the Western Australian government for $ 30 bn, the state’s attorney general has revealed. “The government is taking steps to protect the state from the rapacious nature of Mr Palmer [and his companies].” Quigley said the claim related to a dispute over

Clive Palmer has filed a billion law suit against Chinese-owned company CITIC Pacific over its billion iron ore project in Western Australia . In the latest legal skirmish between Mr Palmer and CITIC Pacific, the resources owner turned federal politician said the new court action was about seeking

a man wearing a suit and tie: Attorney General John Quigley speaks to the media. (ABC News: Hugh Sando) © Provided by ABC NEWS Attorney General John Quigley speaks to the media. (ABC News: Hugh Sando)

Mining billionaire Clive Palmer and his company Mineralogy are suing the WA Government for nearly $30 billion in relation to the Balmoral South iron ore project in the Pilbara region, the state's Attorney-General says.

The WA Government is introducing urgent legislation in State Parliament in an attempt to deal with the claims.

Attorney-General John Quigley told Parliament the bill aimed to deal with "damages, claims arising or potentially arising from proposals which were submitted by Mr Clive Palmer, Mineralogy Pty Ltd and International Minerals Pty Ltd".

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  Cormann calls on Clive Palmer to drop legal challenge to WA border Finance Minister Mathias Cormann has personally called on mining magnate Clive Palmer to drop his constitutional challenge to WA's border restrictions.Prime Minister Scott Morrison dropped the federal government's involvement in the case, which will be argued before the High Court in coming months.

A stalemate over iron ore waste has the mining magnate and Mark McGowan at loggerheads and 3,000 jobs on the line. But hours after the WA Supreme Court ruled CITIC Pacific Mining must pay Palmer millions in past and future royalties from Australia ’s largest iron ore project in WA , the

Clive Palmer has channelled his corporate empire through New Zealand and threatened to use The NZ company wants to use a free trade agreement to sue Australia for b over Mr Palmer 's mining interests. Mineralogy has previously spent at least million on Mr Palmer 's political party. WA Premier Mark McGowan has threatened to pass laws removing Mineralogy's veto power over planned

"Those proposals were submitted in August 2012 and in June 2013 and relate to a project called the Balmoral South Iron Ore Project," Mr Quigley explained.

"The August 2012 proposal was first rejected and then later significantly conditioned by the former Premier, the Hon. Colin Barnett.

"Those decisions led to Mr Palmer, Mineralogy and International Minerals now claiming billions of dollars in damages in an arbitration against the state.

"If Mr Palmer succeeded in his claims at anywhere near the level sought, this would have dire consequences for the finances of the state of Western Australia and all Western Australians."

More to come.

Clive Palmer registers awards claim in Queensland Supreme Court in bid to defeat WA law .
Clive Palmer is claiming a significant victory in his legal battle with the West Australian Government, following an order by the Queensland Supreme Court. The latest development in a battle worth potentially $30 billion, according to the WA Government, has seen awards made in arbitration in favour of Mr Palmer formally registered by the Queensland court.The decision of the court is that the awards in favour of Mr Palmer should be "enforced".

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