Mining mogul Clive Palmer sought this week to oust world-renowned hotel management firm Hyatt Hotels Corp from the Queensland golf resort that he had acquired last year.

Palmer, one of Australia's richest, informed the Brisbane Supreme Court on Tuesday that after running the golf and spa resort in Sunshine Coast for more than two decades, it biggest achievement so far was for the property to bleed some $60 million.

The billionaire told the court that most likely, the money was sent to Hyatt's Chicago headquarters in the United States.

Preventing Hyatt from further management role in the Coolum resort should redound to the benefit of the property and its hundreds of employees, Palmer said in his official statement as reported by the Australian Associated Press (AAP).

He added that Hyatt seemed to have neglected the resort's staff, which numbers to about 650, with some in supervisory positions reportedly alleging that Hyatt has rarely communicated with employees on important company decisions.

His intent to takeover management of the resort, which according to Agence France Presse (AFP) hosts the Australian PGA golf championship, was further strengthened when he discovered that employees were never given incentives by Hyatt, Palmer said

"I have addressed all the staff and I was surprised to learn that they had never been paid a bonus before," the billionaire said.

The miner has decided to pledge $500 bonus to all the resort employees, according to AAP.

The court, however, stopped Palmer from executing his termination of the Hyatt management, AFP reported.

Justice Glenn Martin issued an injunction against Palmer's move on Wednesday explaining that the court decided to rule for a status quo to protect villa owners of the Queensland resort as well as that of Hyatt's reputation.

Martin's ruling apparently gave weight on Hyatt's court arguments that claimed Palmer had actually violated the terms of agreement that he had originally sealed with the Hyatt management.

The American firm, court records showed, also claimed that Palmer's arguments in supporting his decision to kick Hyatt out of the resort were mostly based on falsehoods.

According to AFP, Hyatt has confirmed that the injunction was now in place as of Wednesday but the company decided not to issue further comments as court dispute on the matter is still underway.