Overview

• The Permanent Court of Arbitration dismissed the investor‑state case and directed Palmer to pay about A$13.6 million, with the written award yet to be published.
• Attorney‑General Michelle Rowland welcomed the ruling and said the government hopes Palmer will withdraw other international claims while it continues to defend any that remain.
• Palmer’s Singapore‑based vehicle had sought nearly US$200 billion over a blocked Pilbara iron ore project tied to a 2012 rejection and a 2020 Western Australian law limiting damages.
• A spokesperson said Palmer will review the judgment, and it is understood he can still seek to challenge the decision before Switzerland’s Federal Supreme Court.
• Jurisdiction and admissibility were argued over three days at The Hague in September 2024, and the government says it spent more than A$13 million defending the case over two years.