Clive Palmer could walk away from the administration linked to his Queensland Nickel refinery without losing the assets and leave creditors out in the cold.
Clive Palmer Mining News
He said he would open up after a creditors meeting next week in Townsville, where his his Queensland Nickel company is based.
The decision is considered a key political victory for Prime Minister Tony Abbott.
Environmentalists argue the approval will see 3 million tonnes of dredge spoil will be dumped in the Great Barrier Reef.
Palmer says he's registered a production company to film Titanic II's maiden voyage.
Australian mining billionaire Clive Palmer is threating to sue the Sydney Morning Herald, one of the most respected daily newspapers in Down Under, for $50 million over "totally false and improper claims" about his China First coal mine.
Australian mining tycoon Clive Palmer will be mounting a High Court challenge against the Government's carbon tax, he told ABC News’ 7.30 Report.