CAPITAL MARKETS

Palmer to sue SMH for $50M

MINING magnate Clive Palmer will seek damages of $A50 million from the <i>Sydney Morning Herald</i> after the paper reported Swiss energy trader Vitol had terminated a $40 billion coal supply contract for the proposed China First project in the Galilee Basin.

Lauren Barrett
Palmer to sue SMH for $50M

In a statement, Palmer said he vigorously denied the claims of the cancellation of the contract, which he said were false and misleading. “We believe these allegations were made for an improper purpose...

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