Palmer resigns as Mineralogy director

Clive Palmer has resigned as director of his flagship company Mineralogy as it continues its legal stoush with a Chinese firm.

palmer

A new poll has revealed the Palmer United Party is polling as strongly as the Greens in Queensland. (AAP)

The federal politician's Parliamentary register of interests has been altered to show he resigned as director of Mineralogy last month.

He also resigned as director of three other companies in April.

The move follows accusations that Mineralogy siphoned funds from Chinese state-owned enterprise CITIC Pacific to finance the Palmer United Party's federal election campaign. Mineralogy has denied it misused any funds.

Mineralogy has been locked in a bitter legal dispute with CITIC Pacific over rights to mine iron ore in Western Australia's Pilbara region.

Mr Palmer has previously claimed that CITIC Pacific actually owes Mineralogy more than $A320 million, as it has been shipping resources to China without paying for them.

- with AAP.




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By Stephanie Anderson


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