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.



The Yangan Heavy Horse cancelled for second year running

The Yangan Heavy Horse cancelled for second year running

Yangan Heavy Horse Day hopes ended by 68mm rain

GALLERY: Leaders meet to hear about the future

premium_icon GALLERY: Leaders meet to hear about the future

More than 100 business leaders gather for special talk

Club searches for ancestors of people who built aerodrome

Club searches for ancestors of people who built aerodrome

New memorial in Warwick announced as club hunts for descendants

Local Partners