Barnaby Joyce and Steven Ciobo get Chinese government funds for India’s Adani coal mine
22 November 2017: Bob Katter MP, Federal Member for Kennedy, is furious former Deputy Prime Minister Barnaby Joyce took part in selling Adani to China after news the Adani Group is close to securing finance for its coal mine and railway track in coming weeks with Chinese state-owned enterprises, banks, and export credit agencies backing the venture.
Media reports a director of Adani Mining said just days ago they would no longer need funding from Northern Australia Infrastructure Facility (NAIF) and a formal announcement of a financial close was imminent. It was reported in The Australian on Nov 14th Former Deputy Prime Minister Barnaby Joyce and Trade Minister Steven Ciobo wrote to top Chinese officials to vouch for Indian giant Adani. The report said they sent a letter to the chairman of China’s powerful National Development and Reform Commission saying they welcomed “foreign lending to support the development of major projects in Australia”.
“If you sell your country out, then you’re a traitor,” Mr Katter said.
It was also reported Chinese enterprises and export credit agencies invariably require that materials for key infrastructure are sourced from China, effectively shifting work out of Australia and undermining Adani’s claims its project will create many thousands of additional jobs for Queensland.
“Half Australia’s coal reserves will be controlled by whoever owns that railway line. It was not good enough for the ALP and LNP to sell our coal seam gas, now worth $25b a year. This is enough money to restore our outpatients at our hospitals, and give every pensioner and young families 10 grand each and every year.
“We sold the gas for 6 cents a unit we are now buying it back for $16 a unit – our own Australian gas. And now we are going to do the same thing with coal.
“Does anyone think a spineless Government in Canberra are going to stand up to the Chinese Government when they take over all of our unexploited coal reserves? The Greenies think they will stand up to that? Do they think the spineless ALP Government will stand up against the Chinese Government? No, they won’t.
“This will go down as the biggest sell out in our country in Australian history, and will let all the world know that Former Deputy Prime Minister Barnaby Joyce and LNP PM Malcolm Turnbull will go down in the history of Australia in infamy,” Mr Katter said.
Posted on November 22, 2017, in Agenda 2030, Chinese Control, Chinese land owners, Climate Change Fiction, Corporate Government, Federal Politics, Katters Australia Party, Liberal National Party, mining industry, Treaties, Unions and tagged Adani, Barnaby Joyce, Chinese fund Adani, Chinese workers, Ciobo, Greens, Jackie Trad, Labor, Land Grab, Qld Government, Shorten, Turnbull. Bookmark the permalink. 12 Comments.