Billionaire miner Clive Palmer likes to keep everybody informed via his
website and his very own
whats on page. Of interest, to some, are items about his latest purchase of a resort, his favourite footy club, his enormous wealth and
this
Queensland billionaire and mining magnate Clive Palmer has emerged as the largest political donor of the last financial year, tipping more than $800,000 into conservative parties' coffers.
Never mind the cheques, its the
hyperbole that needs to be checked
In the heat of the public debate, Queensland billionaire and Liberal National Party (LNP) donor Clive Palmer admits he may have overstated the tax's impact on his projects in Western Australia's Pilbara region.
Mr Palmer owns one of the largest deposits of iron ore in the world, carved out in five separate projects.
The investment for the first development was secured before the super profits tax was announced.
When asked about one project Mr Palmer said was "canned", the chief geologist at Mineralogy, Mark Strizek, said the project was still going ahead.
"All approvals are done and we've also submitted the environmental approvals for the other three or four projects there, so they're all in train," he said.
Mr Palmer says he probably phrased it too strongly.
"It should have been ... slowing them down, waiting to see what happens," he said.
