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Queensland Nickel administrators fail to sell Clive Palmer-owned cattle station Queensland Nickel administrators fail to sell Clive Palmer-owned cattle station
(5 months later)
A Clive Palmer-owned cattle station put up for sale by the administrators of the embattled Queensland Nickel has been passed in at auction.A Clive Palmer-owned cattle station put up for sale by the administrators of the embattled Queensland Nickel has been passed in at auction.
Related: Police urged to investigate Clive Palmer over Queensland Nickel collapse
The 6,258-hectare Mamelon station, near Rockhampton, was bought by QNI Metals for about $8m in 2010 and was meant to be sold to help raise funds for the previous operator of the Yabulu refinery.The 6,258-hectare Mamelon station, near Rockhampton, was bought by QNI Metals for about $8m in 2010 and was meant to be sold to help raise funds for the previous operator of the Yabulu refinery.
But it was passed in on Wednesday, five days after the first scheduled sale was delayed when new mining agreements came to light at the last minute.But it was passed in on Wednesday, five days after the first scheduled sale was delayed when new mining agreements came to light at the last minute.
Before the delay, Ben Forrest, of the real estate company Colliers International, said the sale had attracted interstate and Chinese interest.Before the delay, Ben Forrest, of the real estate company Colliers International, said the sale had attracted interstate and Chinese interest.
Proceeds from the sale was supposed to put a dent in about $100m of creditor debt believed to be owed by Queensland Nickel, which had been operating the Yabulu nickel refinery.Proceeds from the sale was supposed to put a dent in about $100m of creditor debt believed to be owed by Queensland Nickel, which had been operating the Yabulu nickel refinery.