Clive Palmer wins $200m in damages from former Chinese partners

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Court rules that CITIC must pay the former MP’s Mineralogy company to settle their dispute over an iron ore joint venture

Clive Palmer has won nearly A$200m in damages in his long-running legal battle against his estranged Chinese joint-venture partner in Western Australia.

Palmer’s company, Mineralogy, had disputed calculations for royalty payments from the multi-billion dollar Sino Iron project, which Chinese firm CITIC built and operates, drawing ore from Mineralogy-owned land.

Related: Why Clive Palmer’s assets have been dragged into the Queensland Nickel fight

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Source: china
Link : Clive Palmer wins 0m in damages from former Chinese partners


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