Queensland businessman Clive Palmer is offloading the Yabulu nickel and cobalt refinery in Townsville for an undisclosed sum.
The transaction revolves around a share purchase deal agreed with Switzerland-based special purpose vehicle Zero Carbon Investek involving Mr Palmer's joint venture shares in QNI Resources Pty Ltd and QNI Metals Pty Ltd.
"I am happy to announce that this first-class asset has found enthusiastic and expert new owners in Zero Carbon Investek," Mr Palmer said on Thursday.
"I look forward to the Queensland government and all relevant authorities lending their full support to the new owners.
"This is a big win for the people of North Queensland providing jobs and economic benefits."
