Clive Palmer’s Mineralogy has lost its bid to make Sino Iron and Korean Steel cough up over $529 million for mine site remediation in Western Australia, after the mining company argued the terms of their contracts required an immediate lump sum payment.
Two companies owned by billionaire Clive Palmer have suffered a legal setback, with a judge setting aside prior orders enforcing two awards in a $30 billion mining dispute with the Western Australian government and criticising the companies for misleading the court.
A judge has slammed the lawyers in a $27 million trust dispute between a Chinese machinery company and law firm Clyde & Co for engaging in “inflammatory” correspondence instead of properly conferring before bringing their case to court.
A law firm with a global footprint is facing a possible breach of trust lawsuit in relation to $27 million it held as security for costs in an international arbitration.
Clive Palmer and his company Mineralogy have survived a High Court challenge by Hong-Kong based CITIC to a ruling that put it on the hook for at least $224 million in unpaid royalties from producton at the Sino Iro mine, but a related $297 million suit by Palmer against the Chinese conglomerate has flopped.
A subsidiary of Fortescue Metals Group has prevented one of its long-held mining licences from falling into the hands of rival Gina Rinehart, with the Western Australian Supreme Court overturning a state government decision voiding the licence because of an 89 second technical delay.
Frank Wilson, solicitor and founder of failed sandalwood producer Quintis, has been ordered by a court to repay a $13.3 million loan used to invest in a 215 hectare Indian sandalwood plantation.
A Federal Court judge has transferred a case brought against Clive Palmer and his firm Mineralogy to the Western Australian Supreme Court, where a number of suits are pending in what has been described as “litigious warfare” over the $5.8 billion Sino Iron Ore project.
Hong Kong-based conglomerate CITIC and two of its subsidiaries have taken mining magnate Clive Palmer and his firm Mineralogy to court over the $5.8 billion Sino Iron Ore Project in Western Australia.