January 21, 2018 5:59 AM ET

Metals and Mining

Company Overview of Queensland Nickel Pty Ltd.

Company Overview

Queensland Nickel Pty Ltd. engages in the production and marketing of nickel and cobalt. It processes nickel and cobalt-bearing laterite ores purchased from third party mines. The company was founded in 1966 and is based in Yabulu, Australia operates international offices in New Caledonia, Indonesia, and the Philippines. Queensland Nickel Pty Ltd. is a prior subsidiary of BHP Billiton Limited.

1 Greenvale Street

Yabulu, QLD 4818


Founded in 1966


61 7 4720 6200


61 7 4720 6251

Key Executives for Queensland Nickel Pty Ltd.

Managing Director and Director
Age: 48
Managing Director of Operations and Director
Managing Director of Business Services
Managing Director of Commercial & New Projects
Chief Financial Officer At The Palmer Nickel and Cobalt Refinery
Compensation as of Fiscal Year 2017.

Queensland Nickel Pty Ltd. Key Developments

Mineralogy House Put Up For Sale

Clive Palmer's Queensland Nickel (QNI) refinery, the billionaire businessman has put his Brisbane headquarters Mineralogy House up for sale to the highest bidder. The expression of interest period for the purchase of Palmer's Mineralogy headquarters, a tower building in the Brisbane. Real estate agency Knight Frank is exclusively selling the 11-storey tower in the so-called "Golden Triangle" through an off-market offering expected to attract bids of about $20 million. Queensland Nickel Pty Ltd. went into voluntary administration in January with debts totaling $300 million.

Queensland Nickel Administrator Eyeing Clive Palmer’s Assets

Queensland Nickel Pty Ltd.’s administrators shall pursue Clive Palmer's mining and property interests to recover around AUD 200 million owed to creditors of Queensland Nickel. Administrator John Park, of FTI Consulting, said that a liquidation of the company would seek to recover funds from Clive Palmer’s Mineralogy Pty Ltd. and his Palmer Coolum Resort Pty Ltd. FTI stated, “These transactions could be recovered in a liquidation scenario,” and has recommended that Queensland Nickel creditors vote in favor of the company being wound up at a second creditors meeting on April 22, 2016. Clive Palmer said that FTI is eyeing Queensland Nickel's joint venture partners, QNI Resources Pty. Ltd. and QNI Metals Pty Ltd., which are owned by Clive Palmer.

Queensland Nickel Puts Mamelon Station On Block

Queensland Nickel Pty Ltd. intends to sell 6258 hectare Mamelon Station. The cattle station has attracted private Chinese interests and was supposed to go under the hammer to help raise funds for Queensland Nickel operations. FTI Consulting said a future buyer may be bound by the agreements. "Despite the property being sold `as is where is' we consider that it is appropriate each bidder be given time to consider the terms," administrators FTI Consulting said in a statement read to potential bidders." The station, which was put up for sale in February 2016, is now scheduled for sale on March 21, 2016. Colliers International's Ben Forrest said the sale had attracted interstate and Chinese interest. "There has been some international interest and some good interstate interest," he told AAP. "(But) a big portion of them (potential bidders) are local graziers."

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