Adani acts to allay monopoly rail fears

 

News article: Adani acts to allay monopoly rail fears

ADANI has rejected the idea of letting the Federal Government construct its proposed rail line in the Galilee Basin despite concerns the Indian conglomerate might monopolise the infrastructure.

  Dangersdan707 Chief Commissioner

Location: On a Thing with Internet
do you support bribing police and government officials Twisted Evil

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  tazzer96 Deputy Commissioner

If the Adani mine was so great, then why aren't we going to make them pay FULL royalties to USA and canandian standards.  Why don't they build the railway.  

The mine simply won't be profitable, even with massive automation (meaning very few jobs).   Don't you think that since adani are trying to squeeze as much government subsidy, i mean support. We should be alarmed.
  simstrain Chief Commissioner

I was a huge supporter of retaining our Auto manufacturing industry but to coin a phrase "to compare the two there is no comparison"

In the case of Adani we are talking about a LOAN, a loan that has to be paid back with interest.

In the case of of the Auto industry it was a SUBSIDY which generated no direct return to the Government, a point which Abbot and Hockey were able to exploit in their attack on Holden and Toyota. Many people (including me) tried to point out in vain that the overall benefit to the economy far outweighed the cost to the government.

BG
BrentonGolding

A point that Labor should have attacked the libs on and yet failed to do so. Thousands of Australian engineers, apprentices and other workers that Holden, Ford and Toyota developed now on the dole instead of working and paying taxes. Future jobs lost to overseas slave labour leaving us and our economy vulnerable.
  BrentonGolding Chief Commissioner

Location: Maldon Junction
do you support bribing police and government officials Twisted Evil
Dangersdan707
Is that directed at me? Because if it is I find the question / insinuation highly offensive and even if it is not it shows you in a pretty poor light.

BG
  Dangersdan707 Chief Commissioner

Location: On a Thing with Internet
no its just that according to an abc doco (yes it obviously had some bias) some months ago Adani were bribing police to block journalists and pay people to follow the reporters (in India). no BG I did not intend to attack you or insult for that a apologise. as you can tell I don't back the project and I'll end it here happy discussing!
  justapassenger Minister for Railways

Our government should refer Adani to the Indian government for their finance.

After all, it is the Indian people who will (allegedly) receive many wonderful benefits from the mine.
  BrentonGolding Chief Commissioner

Location: Maldon Junction
Looks like Adani might not need our NAIF loan after all

http://www.abc.net.au/news/2017-11-22/china-will-finance-adani-mine-insiders-say/9177470

Of course as the article says these loans come with strings attached. This may include work that was to be done in Australia and / or by Australian companies going to China instead.

If this is the case it will be a loss to our economy. Will be interesting to see how water tight the Rail supply deal with Arrium is.

BG
  The Vinelander Minister for Railways

Location: Ballan, Victoria on the Ballarat RFR Line
A very good outcome for Australia....thanks for posting this important article.

We'll let China carry the risk of the whole project going belly up and not getting back their investment...which was a definite possibility and would have hurt Aussie taxpayers far more that it could ever hurt China.


The only think I don't like about this project is the possible harm to the Great Barrier Reef and the mega tonnes of carbon 'pollution' from burning mega tonnes of coal.

Mike.
  BrentonGolding Chief Commissioner

Location: Maldon Junction
The only think I don't like about this project is the possible harm to the Great Barrier Reef and the mega tonnes of carbon 'pollution' from burning mega tonnes of coal.

Mike.
The Vinelander
Same here Mike although with one caveat - there has been much reporting recently of the horrific air pollution problems in India (which affect us all in the long term) and one of the main contributors is burning of various types of low grade fuels for cooking and heating.

I would love to see a study of how much of this would be replaced by the electricity generated from the Adani Mine coal and what the net emissions result would be.

BG
  freightgate Minister for Railways

Location: Albury, New South Wales
Australia’s 4 latest banks and the Chinese have now pulled out of the deal.

Now downer has parted ways with adani. The project seems doomed.

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