Billionaire resources boss Clive Palmer
Billionaire resources boss Clive Palmer Ava Benny-Morrison

Palmer's $1b plant upgrade 'a significant investment'

BILLIONAIRE resources boss Clive Palmer plans to spend $1 billion upgrading his Queensland Nickel refinery in north Queensland.

The upgrade would include new plant facilities at the Townsville operation, plus railway infrastructure and work on a treatment facility to deal with nickel waste.

Mr Palmer said when he bought the plant from BHP Billiton in 2009, it was on the verge of closure but staff and management had saved its future.

"This will be a significant investment for the Yabulu Refinery, the Townsville region and the people of North Queensland," Mr Palmer said.

Mr Palmer did not return requests for comment before deadline on Friday.



Lawyer tells jury not to believe 'conman from Goonellabah'

premium_icon Lawyer tells jury not to believe 'conman from Goonellabah'

Universal Medicine operated under his 'sole control', court told

26mLs in 10 minutes: Hail, heavy rain lashes region

26mLs in 10 minutes: Hail, heavy rain lashes region

A severe thunderstorm warning is in place

Local Partners