Clive Palmer holds press conference at the Palmer Coolum Resort. Photo: Warren Lynam / Sunshine Coast Daily
Clive Palmer holds press conference at the Palmer Coolum Resort. Photo: Warren Lynam / Sunshine Coast Daily Warren Lynam

Clive Palmer victorious as WA court dismisses $200m claim

CLIVE Palmer has secured a significant court victory in his battle with Chinese state-owned corporation Citic Limited.

The Supreme Court of Western Australia has dismissed a $200m suit Citic brought against him.

The win follows the findings of the Hon. Justice David Jackson in the Supreme Court of Queensland that claims by Citic against Mr Palmer over an alleged $12million fraud had no substance.

The Hon. Justice John Chaney of the Supreme Court of Western Australia stated in his judgement that claims for restitution by Citic Limited subsidiaries of significant outlays in relation to the mining project would be struck out.

Lawyers for Mr Palmer argued successfully that the basis upon which restitution was sought was simply unarguable.

Mr Palmer in Canberra yesterday said it was a sad reflection that some Chinese Government-owned companies did not honour their contracts.

He alleged that Citic Limited subsidiaries had refused to pay agreed royalties for more than $700 million of concentrate from Mineralogy mining leases.



'He died doing what he loved'

'He died doing what he loved'

Friends pay tribute to adventurer after gyrocopter tragedy

No compensation outrages locals affected by Gibihi Rd damage

No compensation outrages locals affected by Gibihi Rd damage

The detour has farmer out of pocket thousands of dollars

More twists and turns for the GKI resort redevelopment saga

More twists and turns for the GKI resort redevelopment saga

With the deadline looming, demolition work looks set to happen soon.

Local Partners