In 2012, Liberal Premier Colin Barnett barred Mr Palmer’s company Mineralogy from developing the Balmoral South deposit in the Pilbara region of Western Australia. Eight years on, he now wants recompense for the fact he couldn’t develop the Pilbara iron ore mine and sell it to Chinese companies.
Mineralogy reacted by taking the matter to arbitration under the terms of its state agreement and has won almost every round in that process so far as the matter comes to a head before former High Court judge Michael McHugh.
"The government must have determined that they've got no defence in the claims and they will lose, this is why they seek emergency legislation," he said. He is claiming a total of $27.7 billion compensation.
https://www.afr.com/policy/economy/wa-in-crisis-over-30-billion-damages-payout-to-clive-palmer-20200811-p55ksb
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