Leading Australian businessman Clive Palmer said it was time for ASIC chairman James Shipton to do the honourable thing and fall on his sword following today’s resignation of the corporate watchdog’s deputy chair Daniel Crennan over an expenses scandal. “ASIC is rotten to the core – the deputy chair has resigned over a wrongful $70,000 … Read more
Mineralogy has commenced proceedings in the Federal Court of Australia against the State of Western Australia for unconscionable conduct, it was revealed today. Mr Palmer stated in Brisbane that Mineralogy’s claim was currently being amended to reflect the additional damages the company had suffered and would be served in the State within 21 days. “The … Read more
Media Release: IT will be a cold winter for John Park and his overseas liquidator funders Vannin Capital Operations Limited, who will have to bear the costs as the Queensland Supreme Court dismissed their claims of $124 million against Mineralogy today, Clive Palmer said. This morning in the Supreme Court of Queensland, Justice Debra Mullins … Read more
Media Release Mineralogy’s high grade iron ore was the reason Chinese government-owned Citic Limited was able to post huge profit increases amidst a global market downturn, Clive Palmer said today. In a letter to Citic Limited shareholders, the company’s Chairman Zhu Hexin said: “Against a market that saw the price of steel decline and prices … Read more
Clive Palmer said today he had rejected advice given from his advisors to reduce staff in his operations. “Advice had been given to me to bunker down and build a cash war chest from the royalties I am receiving from my Pilbara iron ore project,’’ Mr Palmer said. “I have decided that I will keep … Read more
Media release: Mineralogy’s high grade iron ore was the reason the Chinese government-owned Citic Limited was able to post huge profit increases amidst a global market downturn, Clive Palmer said today. “Citic Limited just announced a 50% profit increase on the back of an 88% profit increase the year before,’’ Mr Palmer said. “This is … Read more
The summons brought against Clive Palmer by ASIC was part of ASIC’S ongoing attempts to cover up its failures in not acting against the Australian banks involved in ripping off ordinary Australians, Mr Palmer stated in Brisbane today. “All Australians know that it was ASIC that failed to carry out its functions that allowed the … Read more
Clive Palmer said today that Malcolm Turnbull was kidding himself if he truly believed he would have retained the role of Prime Minister if he was still leading the Liberal Party. “Turnbull has never been loyal to those who supported him. He is not interested in Australia or Australians, only himself,’’ Mr Palmer said. Mr … Read more
Media Release: Perth: Mineralogy Chairman Clive Palmer announced today that he and his company had expanded its operations in WA entering into a long-term lease of an 1100 sqm commercial property in Perth. Mr Palmer said Mineralogy received vast funds and wealth from WA and was now looking at reinvesting these funds back into the … Read more