Clive Palmer sues WA Government for at least $30b over Balmoral iron ore project

By Eliza Laschon

Mining billionaire Clive Palmer and his company Mineralogy are suing the WA Government for nearly $30 billion in relation to the Balmoral South iron ore project in the Pilbara region, the state's Attorney-General says.

The WA Government is introducing urgent legislation in State Parliament in an attempt to deal with the claims.

Attorney-General John Quigley told Parliament the bill aimed to deal with "damages, claims arising or potentially arising from proposals which were submitted by Mr Clive Palmer, Mineralogy Pty Ltd and International Minerals Pty Ltd".

"Those proposals were submitted in August 2012 and in June 2013 and relate to a project called the Balmoral South Iron Ore Project," Mr Quigley explained.

"The August 2012 proposal was first rejected and then later significantly conditioned by the former Premier, the Hon. Colin Barnett.

"Those decisions led to Mr Palmer, Mineralogy and International Minerals now claiming billions of dollars in damages in an arbitration against the state.

"If Mr Palmer succeeded in his claims at anywhere near the level sought, this would have dire consequences for the finances of the state of Western Australia and all Western Australians."

More to come.

The post about “Clive Palmer sues WA Government for at least $30b over Balmoral iron ore project" first appeared on the ABC Net website.


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