Palmer agrees to buy BHP's Yabulu nickel-cobalt plant

Singapore 03 July 2009 04:43

Mining magnate and billionaire Clive Palmer has agreed to buy BHP Billiton's Yabulu nickel and cobalt processing plant in Queensland, Australia. "The terms of the sale are confidential, however both BHP Billiton and Professor Palmer have sought to provide that, at sale completion, working capital and access to funds are sufficient to enable the business to commence as a going concern under Professor Palmer's ownership," said...

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Palmer agrees to buy BHP's Yabulu nickel-cobalt plant

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