Tuesday, September 27

Clive Palmer Risking Coal Shoulder Again with Resourcehouse fFoat

CLIVE Palmer is likely to have another crack at floating off his Resourcehouse company with a $2.4 billion listing in Hong Kong.
According to the environmental impact study into the $8.3 billion Galilee Basin coal project, about 85 per cent of the funding for the project will be Chinese debt with the remaining 15 per cent to come from the Hong Kong offering.

Resourcehouse has already had three unsuccessful attempts to raise the funds and the next appears to already be running late with the EIS saying the likely timing of the float was mid-2011.

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Courier Mail

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