Queensland businessman Clive Palmer is offloading the Yabulu nickel and cobalt refinery in Townsville for an undisclosed sum.
The transaction revolves round a share buy deal agreed with Switzerland-based particular objective automobile Zero Carbon Investek involving Mr Palmer’s three way partnership shares in QNI Resources Pty Ltd and QNI Metals Pty Ltd.
“I am happy to announce that this first-class asset has found enthusiastic and expert new owners in Zero Carbon Investek,” Mr Palmer mentioned on Thursday.
“I look forward to the Queensland government and all relevant authorities lending their full support to the new owners.
“This is an enormous win for the individuals of North Queensland offering jobs and financial advantages.”
