Clive Palmer's Queensland Nickel says its business as usual, after administrators were called in.
In a statement, managing director Clive Mensink said he believed the troubled nickel refinery could continue to trade out of administration.
"From our perspective, it is business as usual and employees of QNI will continue productivity at this difficult time," he said.
"It is my understanding that the administrators will be in contact with all stakeholders and the operations of QNI will continue on as usual."
The company played an important role in the north Queensland economy and would continue to do so after restructuring to suit the "volatile commodity environment", he said.
Queensland Nickel directors on Monday appointed John Park, Stefan Dopking, Kelly-Anne Trenfield and Quentin Olde of FTI Consulting as voluntary administrators.
The move comes just days after more than 200 workers at the refinery were told they would lose their jobs because of the plunge in nickel prices.
FTI will carry out an urgent assessment of the company's finances and determine whether it is still viable.
"No significant changes to the company's trading operations are anticipated in the immediate term," Mr Park said in a statement on Monday.
"As administrators, we will act independently at all times, although we will work with Queensland Nickel management and staff in continuing to operate the business."
A creditors meeting is expected to be held in late January.
Mr Palmer unsuccessfully tried to get the Queensland government to guarantee a $35 million loan to help ensure the ongoing employment of 800 workers at the refinery, as the company battles with 15-year low nickel prices.
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