Resourcehouse scraps IPO

Fourth time unlucky for Resourcehouse

Australian entrepreneur Clive Palmer once again fails to list Resourcehouse, forcing him to seek debt funding from Chinese banks for the company's huge coal project.

<div style="text-align: left;"> We need this much money, Clive Palmer tells the media (AFP) </div>

Anette Jönsson Nick Ferguson

June 07, 2011

Australia-based greenfield mining company Resourcehouse scrapped its IPO during the weekend after failing to attract enough interest from investors and is now planning to use Chinese debt to fund its coal project.

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