237 workers to lose jobs at Clive Palmer's Nickel refinery in Townsville

 

News article: 237 workers to lose jobs at Clive Palmer's Nickel refinery in Townsville

Clive Palmer's Queensland Nickel refinery in Townsville has confirmed it will lay off 237 workers.

  NSWGR8022 Chief Train Controller

Location: From the lands of Journalism and Free Speech
The problem is palmer he is dodgy which is well known in Queensland thinking once he is removed the business can probably be saved. No investor or bank will support him as the books are cooked.

Aurizon will be concerned over this development.

237 workers to lose jobs at Clive Palmer's Nickel refinery in Townsville

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  bevans Site Admin

Location: Melbourne, Australia
The idea is the refinery will be restructured and returned to operating profit.  Administrators have very useful powers to investigate what went on and to also reverse historical transactions for a period.  I personally am sick of white collar criminals getting away with what they do. I witnessed millions go missing in a venture recently.

Hopefully those donations to PUP will be reversed now that would be nice.

ASIC are simply a joke in this country in fact we need a royal commission into that amazingly incompetent lot.

Remember Palmer was involved in the litigation recently with Asian Investors who according to my contacts had a genuine gripe.
  don_dunstan Minister for Railways

Location: Adelaide proud
The idea is the refinery will be restructured and returned to operating profit.  Administrators have very useful powers to investigate what went on and to also reverse historical transactions for a period.  I personally am sick of white collar criminals getting away with what they do. I witnessed millions go missing in a venture recently.
bevans
White collar criminal is the best kind of criminal to be. For a start, your chances of being caught are extremely low compared to your average every-day crim; and if you do get caught it's more than likely you'll just get a slap on the wrist - probably not even any jail time. There was that case recently where mortgage brokers in NSW committed multiple fraud to get hopelessly under-qualified people mortgages by falsifying financial records - it amounted to about a $17 million fraud all up. The perpetrators didn't even get jail time, they got community service orders and corrections orders... ridiculous. Under what circumstances should someone who participates in mis-appropriating $17 million NOT go to jail?

ASIC are simply a joke in this country in fact we need a royal commission into that amazingly incompetent lot.
bevans
ASIC isn't a joke... jokes are funny. ASIC is more like one of those antique fire-arms on the wall that serves no purpose whatsoever other than to give the appearance of being frightening. Expensive but useless.
  don_dunstan Minister for Railways

Location: Adelaide proud
The problem is palmer he is dodgy which is well known in Queensland thinking once he is removed the business can probably be saved. No investor or bank will support him as the books are cooked.
NSWGR8022
My prediction is that he will eventually be removed from his own companies as well as the House of Representatives.
  freightgate Minister for Railways

Location: Albury, New South Wales
Probably right as Palmer United Party is almost gone plus this financial fallout is not going to
Be good for him as a public figure.
  davesvline Chief Commissioner

Location: 1983-1998
Well especially now he's in parliament,  people are fast working out that he's not worth his weight in poop.

Another clear example of seemingly how the mighty have fallen.

The little guys (all 237 of them) again getting the colonoscopy.

This won't be the last sadly.

Regards
  Johnmc Moderator

Location: Cloncurry, Queensland
Probably right as Palmer United Party is almost gone plus this financial fallout is not going to
Be good for him as a public figure.
freightgate
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
The perpetrators didn't even get jail time, they got community service orders and corrections orders... ridiculous. Under what circumstances should someone who participates in mis-appropriating $17 million NOT go to jail?

don_dunstan
Same old story, owe the ATO $100k and they take you to jail, owe the ATO $100m and they take you to lunch.
  bevans Site Admin

Location: Melbourne, Australia
With the refinery now in liquidation what is the status of rail traffic is it still running or is the site completely closed?
  Sulla1 Chief Commissioner

With the refinery now in liquidation what is the status of rail traffic is it still running or is the site completely closed?
bevans
No nickel ore or coal trains have run since February. The refinery has been completely idled since March. The 190-ish GN/GNZ/GOCM tippler wagons used for the nickel ore and coal are currently stored in South Yard and Cobarra and the 2800s have been returned to the North Coast and Mt Isa line traffic. As a result of 18 fewer trains in Townsville each day, Aurizon asked for voluntary redundancies at the Stuart depot and twenty-three drivers finished their last shifts a fortnight ago.
  bevans Site Admin

Location: Melbourne, Australia
No nickel ore or coal trains have run since February. The refinery has been completely idled since March. The 190-ish GN/GNZ/GOCM tippler wagons used for the nickel ore and coal are currently stored in South Yard and Cobarra and the 2800s have been returned to the North Coast and Mt Isa line traffic. As a result of 18 fewer trains in Townsville each day, Aurizon asked for voluntary redundancies at the Stuart depot and twenty-three drivers finished their last shifts a fortnight ago.
Sulla1

Thanks again @Sulla1

What is the feeling on the ground up in Townsville?  Could the refinery reopen?
  Sulla1 Chief Commissioner

No nickel ore or coal trains have run since February. The refinery has been completely idled since March. The 190-ish GN/GNZ/GOCM tippler wagons used for the nickel ore and coal are currently stored in South Yard and Cobarra and the 2800s have been returned to the North Coast and Mt Isa line traffic. As a result of 18 fewer trains in Townsville each day, Aurizon asked for voluntary redundancies at the Stuart depot and twenty-three drivers finished their last shifts a fortnight ago.

Thanks again @Sulla1

What is the feeling on the ground up in Townsville?  Could the refinery reopen?
bevans

Things are pretty dire up here. At the moment there's nothing to suggest the refinery will reopen and refinery workers are leaving the city heading south for work. The liquidating process for the refinery will probably be the selling off of the plant and machinery for scrap. 20,300 full-time jobs have been lost in Townsville during the last twelve months and 13,600 locals were looking for work in April. The city now has an unemployment rate of 12.4% up from 8% in December.
  Sulla1 Chief Commissioner

Today's Weekend Australian is reporting Aurizon is now owed $90-million by Queensland Nickel. It appears to be by far the largest creditor in this whole sorry tale.
  Sulla1 Chief Commissioner

The ABC is reporting this morning that Aurizon will pay for any legal action taken against Clive Palmer to recover creditors' funds. Sounds like Clive is going to get railroaded.
  Sulla1 Chief Commissioner

Aurizon began scrapping the 42-year old GN nickel ore fleet yesterday. These 180 tippler wagons were built to serve the Queensland Nickel Refinery from its inception to its end. With these scrappings now underway, it appears there will be no return to nickel ore operations for Aurizon.
  bevans Site Admin

Location: Melbourne, Australia
@Sulla1 thanks again for thew updates. Can we assume the refinery is not to reopen?
  davesvline Chief Commissioner

Location: 1983-1998
I've just returned from there. Taxi driver to airport was saying unemployment was nearer to 23%, but I can't confirm that.A week or so ago I'm sure I read that Clives nephew or something (iirc also his plant manager) was running for Parliament. There's a lot of people peeved at Clive and Co,  so I don't see that going well.

Time will tell.

Regards
  8077 Chief Train Controller

Location: Crossing the Rubicon
@davesvline

I've just returned from there. Taxi driver to airport was saying unemployment was nearer to 23%, but I can't confirm that.A week or so ago I'm sure I read that Clives nephew or something (iirc also his plant manager) was running for Parliament. There's a lot of people peeved at Clive and Co, so I don't see that going well. Time will tell.
Somebody


Not the former director of the refinery where he was a yes man to clive and agreed to allow the monies to flow out to the palmer united party? Palner is likely to face charges from the regulator once a full investigation is undertaken by the relevant groups of people and government.

If the debts for the refinery were wiped could the plant continue?
  Trainplanner Chief Commissioner

Location: Along the Line
The media reports I saw indicated that the actual refinery is well overdue for a major upgrade the cost of which was almost prohibitive given the current price and demand for nickel.   Am I also right in recalling (sulla1 will know) that ore supply is also a big issue and there are a lot of associated supply chains that also mean the product cost is high and therefore not competitive.   It's certainly a massive set back for Townsville and many thousands of people both directly and indirectly including Aurizon.
  Sulla1 Chief Commissioner

Sourcing ore has been problematic in recent years. The refinery used to import 4-million tonnes of ore, mostly from New Caledonia, but also from the Philippines and Indonesia. The latter banned the export of nickel ore at the beginning of 2014. This ban impacted on QN's ability maintain maximum production rates and led to the reopening of the Brolga Mine near Glen Geddes in 2015, which was probably also to offset the rising imported ore costs due to the falling Australian dollar.
  bevans Site Admin

Location: Melbourne, Australia


Christopher Skase mark 2?
  justapassenger Chief Commissioner

Hopefully the judges in QLD don't swallow that story. They don't here.

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