Mr McGowan's comments prompted a strong rebuke from Mr Palmer, who accused the Premier of having a "disturbing relationship" with the Chinese-owned company. Source:News Regional Media. Mr Palmer and his companies allege they suffered enormous financial loss, including damages, interest and costs because they were unable to sell the project to a Chinese company as a result of decisions made by the state over the past decade. In combination the two court rulings mean Mineralogy has been denied $US200 million but will continue reaping about $US100 million every 12 weeks in royalties from CITIC. Mr Palmer and Mineralogy have been the subject of an investigation by Australia's corporate regulator, which has accused the businessman of fraudulently bankrolling his 2013 political campaign. The dispute was over a minimum production clause in mining right and lease agreements between Mineralogy and CITIC-owned Sino Iron and Korean Steel. Biden has enough votes to be president. Harris becomes first Black woman, South Asian elected VP, Joe Biden declared 46th president-elect, Harris first female deputy, 'We're going to win this race', says Biden as count grinds on, Turquoise Hill rebels against Rio's equity raising pressure, Courageous or cut-throat: Adani changes name to Bravus, First Quantum continues hunt for partner in former BHP nickel mine, Copper miners confident of life beyond China, Peabody told to repay Australian mine rehab bonds, Things can change really quickly, warns Macquarie CEO, Treasury Wines wrestles $4b China problem, Birmingham tips a NZ bubble well before Christmas, Fire, smoke and steam add ancient drama to new food venue, Why slogomania has overtaken logomania in fashion, Italian inspiration meets Australian flavour in new liqueurs to love, Six things I learnt from trying 20 online courses, Rich Listers win with boards that can say no, Prestige jewellers go large with shape-shifting creations, 85 years on, a legendary shot still sets the bar at the US Masters, Goodman primed for earnings upgrade on e-commerce boom, Rich Lister Jack Cowin clean sweep with Coles plant-based meat deal, How to become a Financial Review Rich Lister. Mr Palmer said his company was being "discriminated" against by the WA Government, which was "favouring" a Chinese Government-owned company. It is the latest escalation of the ongoing feud between Mr Palmer and the McGowan Government, which has been in clear public view for years. In the Supreme Court of Western Australia, Justice Ken Martin found Mineralogy, guided by Mr Palmer, had engaged in an abuse of process in using the legal system to pursue $US200 million on top of the royalties flow from CITIC’s $US12 billion Sino Iron magnetite mine. He has iron ore, nickel and coal holdings. "The legislation they have passed to try and stop me and my company has been done a week after the Premier declared war on me and declared me an enemy of the State. The workers were confined to quarters after returning from visits to China but none showed any indication of illness. Mineralogy will use the leased office to accommodate visiting executives. "We are not prepared to give our property away for nothing to the Chinese," Mr Palmer said. Mr Palmer has previously used his pre-election advertising blitz to attack Mr McGowan for siding with a "Chinese Government-owned mega group" and "refusing to meet" him to discuss the issue. "They came to me and asked for bipartisan support … I immediately offered that support," Dr Nahan said. A Supreme Court judge has blasted mining mogul Clive Palmer and his private company Mineralogy for "abuse of process" in throwing out a legal action aimed at clawing about $US200 million ($297 million) from Chinese conglomerate CITIC.
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