Business

Smelter $40million funding claim rubbish, Mr Palmer

Clive Palmer's claim that the Boyne Smelter receives $40 million has been rubbished by politicians and the smelter company.
Clive Palmer's claim that the Boyne Smelter receives $40 million has been rubbished by politicians and the smelter company.

BOYNE Smelters Ltd has rubbished Clive Palmer's claim that the smelter is handed $40 million each year from the government.

A spokesperson for Pacific Aluminium, owner of the smelter at Boyne Island, said in a statement yesterday that Mr Palmer's claims were untrue.

"Boyne Smelters Limited (BSL) does not receive any financial support from the Queensland Government to operate," the statement read.

Mr Palmer has been calling on the Queensland treasurer Curtis Pitt to provide a guarantee for a loan to his Queensland Nickel after losing a court battle with a former Chinese business partner where the company was seeking $48 million in compensation.

In a statement released yesterday, Mr Palmer said Queensland Nickel was not asking for money "like the $40 million a year the government pays to the foreign-owned Boyne Smelters in Gladstone.

"It is shocking that Queensland Treasurer Curtis Pitt gives away $40 million each year to the foreign owned Gladstone smelter but has refused to support Queensland owned company Queensland Nickel, the largest employer in North Queensland.

Gladstone state MP Glenn Butcher told The Observer he could not believe that any funds had been given to the smelter from the government.

"He needs to clarify where he got that figure from, and what the statement means," he said.

Federal member for Flynn, Ken O'Dowd told The Observer that to the best of his knowledge Boyne Smelter does not receive any funding from any government.

The Observer asked Mr Palmer's media company to back up his statement. We are still waiting for a response.

Topics:  boyne smelter, clive palmer, funding




Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Basketball pro in court for $20k fraud charge

Derek Rucker leaves Gladstone Courthouse. Photo Ross Irby / The Observer

Rucker is accused of committing a $20,000 fraud.

Pandora gift no match, I birthed a baby on my birthday

Arielle Wendy Butler was born at Gladstone hospital on May 22, 2016 at 6.16pm. Mum - Emily Butler Dad - Scott Butler Siblings - Briella, 2, and Tallen, 4 Weight - 3610g

A surprise birthday gift for Emily Butler on May 22.

Latest deals and offers

IBAC Evidence Police Bashing 5

Officers drag the woman back to her cell

In this video the woman drinks water from the toilet.

IBAC Evidence Police Bashing 4

In this video the woman asks for water as the tap in the room is broken

IBAC Evidence Police Bashing 3

In this video police continue their search and male officers are present despite...

Gladstone hits top in state for vacancies

Gladstone has the highest residential rental vacancy rate in Qld

Sale nears on last large block of land in Coolum

The 43.37ha property on South Coolum Rd has sold.

South Coolum Rd property to be land banked