Adani

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Re: Adani

Postby Lefty » 11 Jan 2018, 06:46

Adani mine: Department asked to investigate council's $18m for private FIFO airstrip

That it was clear from the outset that Adani was unviable and yet these two local councils poured ratepayer money into it smacks of either stupidity or corruption.
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Re: Adani

Postby HBS Guy » 11 Jan 2018, 18:10

https://newmatilda.com/2017/11/16/adani-carmichael-coal-mine-introduction-special-five-part-series/

Unlimited GAB water

Royalty holiday

Booting local aboriginal people of land Adani needs


Yeah, nothing much really.
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Re: Adani

Postby pinkeye » 12 Jan 2018, 00:32

HBS Guy wrote:https://newmatilda.com/2017/11/16/adani-carmichael-coal-mine-introduction-special-five-part-series/

Unlimited GAB water

Royalty holiday

Booting local aboriginal people of land Adani needs


Yeah, nothing much really.



So much for the Rule of Law :roll :roll .

Fine,.... until certain economic interests become involved.


NO ADANI NO WAY :mad
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Re: Adani

Postby johnsmith » 20 Jan 2018, 09:15

Adani: Finance agency talks suggest door not shut on taxpayer funding

Trade Minister Steven Ciobo has quietly explored the option of taxpayer support for Adani's embattled coal project through Australia's export finance agency.

The Export Finance and Investment Corporation (EFIC) has confirmed it held "exploratory" talks on Adani with the office of Mr Ciobo, who last year ordered the agency to resume financing local mining projects after banks shied away from the coal sector.

EFIC also confirmed it had repeated dealings with Adani, contradicting its own managing director's statement to a federal Senate committee in October that it had had no contact with the miner.

However, the agency — in answers last month to questions on notice from a Senate Estimates Hearing — said it was "not currently considering funding any coal projects".

The prospect of a loan or a guarantee from EFIC would give Adani's controversial project an alternative path to taxpayer support, after the Queensland Government shot down its bid for a $1 billion loan through the Northern Australia Infrastructure Facility.

EFIC's revelation of contact with Adani are at odds with a statement by its managing director Swati Dave to the Senate committee on Foreign Affairs, Defence and Trade in October.

Asked by Labor senator Alex Gallacher if EFIC had had "any informal discussions, approaches, cups of tea" with Adani regarding Mr Ciobo's new direction on Australian mining projects, Ms Dave said "No, we haven't".

Mr Ciobo, who changed EFIC's mandate to support local mine projects amid a flurry of Adani-related dealings, had declined since last May to say whether EFIC was looking at funding Adani.
In an answer on notice to Senator Gallacher on December 18, EFIC said it had been "contacted by Adani a number of times regarding their projects in Australia".

"Adani has provided information regarding its investment in the Abbot Point port, its expansion plans in Australia and associated contracts," EFIC said.

The agency had given documents to Adani but was unable to provide copies as they "contain confidential information regarding aspects of their projects".

EFIC confirmed it had spoken to Mr Ciobo's office regarding Adani's Australian projects, saying: "The nature of the discussions was exploratory."

A spokesman for Mr Ciobo declined to elaborate on the discussions.

An Adani spokeswoman also declined to comment on talks with EFIC.


Changing the rules

Mr Ciobo changed EFIC rules on September 9 last year.

A day earlier he and Deputy Prime Minister Barnaby Joyce wrote to the Chinese Government in support of Adani.

Mr Ciobo had travelled to India and met with Adani chairman Gautam Adani as part of an Australia-India CEO Forum on August 30.

Mr Ciobo also received Department of Foreign Affairs and Trade briefings on Adani's coal project on August 9, 14 and 25 and September 13.

The minister told Sky News last October he changed EFIC's mandate because "we've seen the Australian banking sector shirk from what I think are some very legitimate operations here in Australia".

He was speaking in response to a question about the lack of local bank support for Adani's Carmichael mine.

Mr Ciobo has elsewhere justified the EFIC change by citing "the stepped-up campaigning of activist groups which is discouraging our major retail banks from financing otherwise-viable exporters in the coal sector".

Major Chinese banks have since ruled out financing Adani, which set a March deadline for financial close on the Carmichael project.

Anti-Adani activists are calling on the Queensland Labor Government to veto a rival NAIF loan bid by Aurizon for a Galilee Basin rail line, in line with an election promise to stop any taxpayer funding to enable Adani's mine.

Tom Swann, a researcher at the progressive think tank the Australia Institute, said the Productivity Commission had long opposed EFIC propping up local mines.

"Taxpayer funding shouldn't even be on the table — whether it's Adani's coal mine, Adani's rail line, or Aurizon's rail line to Adani's mine," he said



http://www.abc.net.au/news/2018-01-20/adani-finance-agency-talks-suggest-door-not-shut-taxpayer-funds/9344886


Ciobo the dickhead is changing the rules so as to be able to waste taxpayer funds.

Just how much have Adani donated to the libs?
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Re: Adani

Postby HBS Guy » 20 Jan 2018, 11:16

Obviously, lots.

Adani is just a smokescreen: they really want to build the railway for Gina but taxpayers might protest. Bah, corrupt bloody Lib govt!
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Re: Adani

Postby Lefty » 21 Jan 2018, 08:37

The minister told Sky News last October he changed EFIC's mandate because "we've seen the Australian banking sector shirk from what I think are some very legitimate operations here in Australia".

He was speaking in response to a question about the lack of local bank support for Adani's Carmichael mine.

Mr Ciobo has elsewhere justified the EFIC change by citing "the stepped-up campaigning of activist groups which is discouraging our major retail banks from financing otherwise-viable exporters in the coal sector".


Ciobo is dribbling shit from both corners of his mouth there - no financier in the world was prepared to loan Adani the money.....because they understood it was not viable and they would likely never see a return on their investment.

Although maybe it all goes back to a conspiracy by the QLD government because they hate North QLD and want to destroy it :roll :roll :roll :roll :roll :roll :roll
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Re: Adani

Postby johnsmith » 21 Jan 2018, 08:43

Lefty wrote:Ciobo is dribbling shit from both corners of his mouth there


is there a more useless politician?


Lefty wrote:Although maybe it all goes back to a conspiracy by the QLD government because they hate North QLD and want to destroy it


don't get him started again :grn
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Re: Adani

Postby Lefty » 21 Jan 2018, 08:48

is there a more useless politician?


The entire rank and file of the coalition? :jump

don't get him started again


He seems to have been pretty quiet lately - he must be hunkered down, pouring over hansard and FOI requests to gather enough evidence of this barstard conspiracy by the SE corner to destroy the northern half of their own state to launch a Royal Commission :purple :yellow
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Re: Adani

Postby pinkeye » 22 Jan 2018, 02:23

Well our governments, state and federal continue to mislead and keep us uninformed.

It seems we might need to change the topic title to Aurizon. :sad
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Re: Adani

Postby BigOl64 » 26 Jan 2018, 21:05

HBS Guy wrote:The Qld Premier BigOle dislikes so much was doing other things to push the failed Adani mine: trampling over Aboriginal land rights for one.




She is a duplicitous cunt, no matter what she says, she will always look after the inner city brisbane wanker before anyone else.

So don't wet your pantaloons just yet missy.


Fuck those cunts for SEQ we need to separate for the cunt form brisbane and her part yesterday
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Re: Adani

Postby HBS Guy » 26 Jan 2018, 21:11

Happy 2018 BigOle!

Do NOT, ever, get less cantankerous, OK?

A few facts here or there won’t go amiss tho.
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Re: Adani

Postby Lefty » 27 Jan 2018, 07:08

So how was yesterday for you BigOle? Did you start by burning an effigy of the premier, wrapped in the QLD coat of arms, then move to giving a rousing NQ secession speech inspired by half a gallon of Townsville bitter to an audience of one, ending with a dip in the sacred, purifying waters of the Ross river?

Hope you're not too hung over.
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Re: Adani

Postby HBS Guy » 27 Jan 2018, 12:23

Mike Seccombe tells us that a study of the Minerals Council’s membership has revealed the extent of foreign ownership, unchecked by the government’s crackdown on political influence. Adani will be able to funnel money from its operations in India and continue to be a major donor to the Liberal Party:

https://www.thesaturdaypaper.com.au/news/politics/2018/01/27/exclusive-minerals-council-one-third-foreign-owned/15169716005713
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Re: Adani

Postby BigOl64 » 28 Jan 2018, 09:54

Lefty wrote:So how was yesterday for you BigOle? Did you start by burning an effigy of the premier, wrapped in the QLD coat of arms, then move to giving a rousing NQ secession speech inspired by half a gallon of Townsville bitter to an audience of one, ending with a dip in the sacred, purifying waters of the Ross river?

Hope you're not too hung over.



Working.


What about you lefty, pretend to be an abbo so you could do some flag burning yourself?


It was Australia day after all. Queensland Day for all you ignorant fuckheads from down south is 6 Jun :thumb :thumb
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Re: Adani

Postby Lefty » 28 Jan 2018, 20:03

So no time to do any work designing you draft for a new northern utopia? Too bad I guess.

Actually I spent the day digging (small) oles.
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Re: Adani

Postby pinkeye » 05 Feb 2018, 01:49

Well ... the Adani Mine is finally being discussed on media. ABC , of course.


FINALLY Federal Labor is starting to get the message,. no ADANI NO NEW HUGE COAL MINES

lABOR JUST HAS TO LISTEN .... NEXT ELECTION? LANDSLIDE.
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Re: Adani

Postby HBS Guy » 10 Feb 2018, 09:00

In another blow to the development of Queensland’s Galilee Basin, Australia’s largest rail freight company says it will withdraw its application for a Federal Government loan to build a massive rail corridor


http://www.abc.net.au/news/2018-02-09/aurizon-pulls-pin-on-naif-loan-application-galilee-basin-rail/9414074
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Re: Adani

Postby pinkeye » 10 Feb 2018, 21:09

HBS Guy wrote:
In another blow to the development of Queensland’s Galilee Basin, Australia’s largest rail freight company says it will withdraw its application for a Federal Government loan to build a massive rail corridor


http://www.abc.net.au/news/2018-02-09/aurizon-pulls-pin-on-naif-loan-application-galilee-basin-rail/9414074


Stand strong people. We might do some good.
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Re: Adani

Postby Lefty » 11 Feb 2018, 07:14

Barring some miracle or blatant act of corruption, Adani is dead.

Or rather, the billion-dollar loan of Commonwealth money that fucking socialists like Bigol :roll demanded be spent is all but dead - the project itself has been dead for a long time since it was never viable in the first place.

Now FFS, just give the NAIF money as a grant to the QLD, WA and NT governments on the proviso that it be spent on important infrastructure in the region identified by the fund (the area north of the Tropic of Capricorn and regions immediately adjoining it to the south). That way the north (and indirectly the rest of the country) will benefit and Bigol will need to find something else to whine about as he receives the benefits of socialist redistibution policies while hippocritically ranting about fucking socialists.

Might help compensate the country for the massive clusterfuck that is the industry that Bigol works in, which is fucking the arse off the nation.
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Re: Adani

Postby johnsmith » 11 Feb 2018, 09:44

Lefty wrote: Adani is dead.


and has been for a while. So far it's missed every single deadline it's been given
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Re: Adani

Postby HBS Guy » 11 Feb 2018, 10:23

Existing coal mines—and Adani could have bought some, cheap—are extracting coal as fast as possible before demand for thermal coal drops to uneconomic levels. Renewable energy is much cheaper and with ocean–based windfarms is much more reliable and capable than before.

Adani chose not to buy coal mines—he wanted his railway when he would have sold the whole thing to get himself out of the poo in India.
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Re: Adani

Postby BigOl64 » 11 Feb 2018, 10:27

Lefty wrote:Barring some miracle or blatant act of corruption, Adani is dead.

Or rather, the billion-dollar loan of Commonwealth money that fucking socialists like Bigol :roll demanded be spent is all but dead - the project itself has been dead for a long time since it was never viable in the first place.

Now FFS, just give the NAIF money as a grant to the QLD, WA and NT governments on the proviso that it be spent on important infrastructure in the region identified by the fund (the area north of the Tropic of Capricorn and regions immediately adjoining it to the south). That way the north (and indirectly the rest of the country) will benefit and Bigol will need to find something else to whine about as he receives the benefits of socialist redistibution policies while hippocritically ranting about fucking socialists.

Might help compensate the country for the massive clusterfuck that is the industry that Bigol works in, which is fucking the arse off the nation.



You cunts must be over joyed at the fact you have pretty much destroyed all investment and future jobs in the north, all the while protecting coal jobs in NSW.


There has never been a single cent of the NAIF spent in the north and now never will, the southerners who administer the fund are the ONLY recipients.


I work in construction you fucking lunatic. how exactly is build stuff "fucking the arse off the nation", you stupid cunt?
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Re: Adani

Postby BigOl64 » 11 Feb 2018, 10:30

HBS Guy wrote:Existing coal mines—and Adani could have bought some, cheap—are extracting coal as fast as possible before demand for thermal coal drops to uneconomic levels. Renewable energy is much cheaper and with ocean–based windfarms is much more reliable and capable than before.

Adani chose not to buy coal mines—he wanted his railway when he would have sold the whole thing to get himself out of the poo in India.



How is paying for back up power to run 24 / 7 while intermittent power flickers on and off, cheaper?


Renewables will never met base-load requirements and no country is even looking for it to do so in the next 50 years.


Great fucking plan.
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Re: Adani

Postby HBS Guy » 11 Feb 2018, 10:34

Renewable energy is now far cheaper than coal!
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Re: Adani

Postby BigOl64 » 11 Feb 2018, 10:42

HBS Guy wrote:Renewable energy is now far cheaper than coal!



Until it stops working and you have to pay for back up generation. Funny how intermittent power seems cheap, if you don't factor in the back generation, like diesel, gas or in fact coal.


There isn't any industrialise countries even looking at intermittent power for anything more than masturbatory purposes.


If you don't need base-load power renewables is a god send, if in fact you do then you are a fucking idiot for even considering it as a viable option.


Do you need base load power?
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