Original article by Mark Ludlow, |Primrose Riordan
The Australian Financial Review – Page: 3 : 19-Jan-16
Faced with financial problems, Clive Palmer’s Queensland Nickel has opted for voluntary administration, with FTI Consulting appointed as administrators. Queensland Nickel MD Clive Mensink said on 18 January 2016 that the company has the potential to return to profitability. It was therefore "business as usual." Queensland Nickel”s creditors include Aurizon, Powerlink, Ixom and the Port of Townsville.
CORPORATES
QUEENSLAND NICKEL PTY LTD, FTI CONSULTING PTY LTD, AURIZON HOLDINGS LIMITED – ASX AZJ, POWERLINK QUEENSLAND, IXOM AUSTRALIA, PORT OF TOWNSVILLE, PALMER UNITED PARTY, STANWELL CORPORATION LIMITED, AUSTRALIA. DEPT OF THE TREASURY