Queensland Nickel creditors and observers signing on at the meeting in Townsville on Friday. The company sacked 237 workers at its Yabulu refinery near Townsville earlier in January and is now in administration. Photo: ANDREW RANKIN
Clive Palmer’s Queensland Nickel will require a capital injection of “tens of millions of dollars” to avoid liquidation unless there is a rapid improvement in the price of nickel, a joint administrator of the company said on Friday.
The disclosure came as it emerged that the total debts of the company could exceed $110 million, with between $70-80 million owed to creditors and…
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