Palmer’s China First to sue QR National for billions

 Clive Palmer’s China First has launched an $8 billion lawsuit against QR for alleged breaches of confidentiality and misleading conduct.

According to the company, it is filing damages claims following the Queensland Government’s granting of significant project status for QR’s Central Queensland Integrated Rail Project.

It went on to say that the haulage company misled the miner over the proposed rail link between Galilee and QLD ports.

China First states that QR, of which the QLD Government is a stakeholder, has breached confidentiality agreements it had with the miner, adding that China First’s $8 billion coal mine and infrastructure program in the Galilee Basin was also granted significant status by the Queensland Co-Ordinator General.

"Now we have QR National in conjunction with the Queensland Government claiming it can build the rail link and create hundreds of jobs in what looks like a bid to score some political mileage in the government’s bid for re-election," China First spokesperson Baljeet Singh said.

"This is an outrage as we had already been in commercial discussions and exchanges with QR National for cooperation in the joint development of rail and port facilities supporting the Galilee Basin.

"We have advised the Coordinator-General of the improper use for which the subject significant project declaration regarding QR National has been made and reserve our rights against him and the Queensland Government," she said.

"We intend seeking damages of $8 billion and will also seek injunctions against QR National and other relevant parties seeking to restrain them from dealing with QR National in respect of the Galilee Basin and its corridor and associated port facilities."

The China First project includes a large coal mine near Alpha, which will be linked to the T4-T9 coal terminals at Abbot Point by a 471 kilomtre rail line.

 

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