Clive Palmer
Clive Palmer

Palmer sues QR National for $8b

MINING magnate Clive Palmer's China First Pty Ltd is launching an $8 billion lawsuit against rail operator QR National for competing with his plans to build a 500km rail link to carry coal.

Mr Palmer alleges a breach of confidentiality and misleading conduct over the proposed rail link between the Galilee Basin coal region and the Central Queensland coast.

QR National's own proposed Central Queensland Integrated Rail Project was announced last week, when the state government granted it significant project status.

It will link multiple mines in the Galilee and Bowen basins to coastal ports.China First, a Clive Palmer-owned exploration and coal mine development company, says it is filing a damages claim in the Queensland Supreme Court against QR National.

The action seeks damages of $8 billion and injunctions against QR National. It also seeks to stop relevant parties from dealing with QR National in respect of the Galilee Basin and its corridor and associated port facilities.

> > Read more at brisbanetimes.com.au
 



Exploding water tank helps brothers save house from bushfire

premium_icon Exploding water tank helps brothers save house from bushfire

"I'll never forget those flames and the sound they were making.”

Why Tino is like a 'kid in a candy store'

Why Tino is like a 'kid in a candy store'

Tigers star to motivate in decider.

POWER 30: Sneak peek into Gympie's most influential 2018

POWER 30: Sneak peek into Gympie's most influential 2018

This is our first glimpse at the Gympie Power 30 for 2018.

Local Partners