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ABC News
ABC News
Business

Clive Palmer to sue Australia for $300 billion over iron ore project in WA's Pilbara region

One of Clive Palmer's companies has served a notice of arbitration on the federal government. (AAP: Dave Hunt)

Mining billionaire Clive Palmer is seeking $300 billion in damages from the Australian government over an iron ore project in Western Australia, sparking a furious response from WA Premier Mark McGowan.

Mr Palmer's Singaporean company Zeph Investments has served a notice of arbitration on the federal government, with the intention that the matter be heard in Switzerland.

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