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Queensland Nickel needs ‘millions’ to make it past April – administrators

The administrators of embattled Queensland Nickel are looking for a savior to invest “tens of millions of dollars” to keep the company afloat past April this year.

FTI Consulting’s John Park told a teleconference on Friday that the company owned more than A$100-million to creditors and Queensland Nickel staff, of which nearly A$16-million worth of entitlements were due to the 237 employees made redundant earlier this month, before the company went into administration.