Hundreds interested in refinery buyback

Hundreds of people are interested in a proposed community buyback of Queensland Nickel's struggling Yabulu refinery.

Yabulu Queensland Nickel Refinery.

Hundreds are interested in a proposed community buyback of Queensland Nickel's Yabulu refinery. (AAP)

More than 900 people have expressed interest in a possible community buyback of Queensland Nickel's troubled Townsville refinery.

Not-for-profit regional investment bank Sister City Partners floated the idea after Clive Palmer's company went into administration a week ago.

Director Warwick Powell has told AAP the bank started receiving expressions of interest after a social media campaign on Sunday.

They'd collected around 900 by Monday afternoon.

"It really shows ... the community is looking for a creative solution to this problem," he told AAP.

FTI Consulting was appointed administrators just days after 237 workers were sacked from Queensland Nickel's Yabulu refinery.

Mr Powell says a buyback could give creditors and the remaining 550 workers a stake in the future of the operation.

The bank plans to engage with government while it assesses the feasibility of the plan.

"The creditors and workers deserve no less," he said.

FTI Consulting will meet with creditors on Friday.


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Source: AAP



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