Palmer Invests $1B on Yabulu Nickel Refinery

Mining Weekly reported that Clive Palmer announced his plans to invest A$1 billion in an upgrade for Queensland Nickel’s Yabulu refinery that would include the construction of new plant facilities, railway, and a tailings treatment facility.

As quoted in the news article:

The investment to upgrade the refinery infrastructure reflected the company’s confidence in the long-term future of the Yabulu operations, Palmers said, adding that when the operation was acquired from BHP, it faced closure.

Click here to read the full Mining Weekly report.