Mining magnate Palmer resigns from LNP

Billionaire Clive Palmer says he isn't worried about being kicked out of the Liberal National Party. Source: AAP

CLIVE Palmer says he has resigned from the Liberal National Party, despite receiving a letter that he said reinstated his membership to the Queensland party.

The mining billionaire said he was resigning from the LNP because he didn't want to "become the issue".

"It's important that with the critical issues facing the state, I don't become the issue," he told ABC's Lateline program.

"So I discussed the issue with my wife and at 8.30pm (AEST) tonight I thought the best course of action for me would be to resign from the LNP straight away."

Mr Palmer said he had received a letter by the LNP president's executive committee confirming his suspension had been lifted as of Thursday morning.

Mr Palmer was suspended from the party on November 9.

The LNP executive was set to meet on Friday morning to decide whether the life member will remain in the party.

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