Palmer refinery in administration.

Clive Palmer has appointed administrators to his ailing Queensland Nickel refinery, after last week sacking 237 workers.

FTI Consulting begins work today and will run the ruler over the company’s books to work out if it is financially viable. A creditors’ meeting will be held later this month to reveal the financial position of the Townsville plant.
Queensland Nickel says it has appointed John Park, Stefan Dopking, Kelly-Anne Trenfield and Quentin Olde of FTI Consulting as voluntary administrators, effective immediately.
the Australian.