Otmane El Rhazi : Palmer demands apology as court dismisses Citic’s misappropriation claim

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

The Queensland Supreme Court on Monday dismissed claims by Chinese government-owned Citic Limited, which claimed that mining magnate Clive Palmer had misappropriated some A$12-million from a port fund associated with the Sino iron-ore project. Citic claimed that Palmer had committed a breach of trust when he withdrew A$12-million from a fund established to manage a port connected to the Western Australian project, in 2013.