Queensland Nickel Facing Liquidation

Australian Mining reported that Queensland Nickel Pty Ltd. is likely to be placed into liquidation. Creditors of the company will vote on its future on April 22.
As quoted in the market news:

FTI suggested it was not in the creditors interests to bring the administration to an end, and that if placed into liquidation further investigations would be undertaken to determine the potential for recoveries.
Former employees have been categorised as priority creditors, however as unsecured creditors it was estimated their return on entitlements could be anywhere from zero to 52.31 cents in the dollar.
FTI said it was not aware of any creditors with guarantees from the director, which would enable creditors to pursue debts immediately.

Click here to read the full report from Australian Mining.