The Pickering Post
Monday, 20th November 2017

If you would like to be involved or support the upkeep and further development of this site, it would be very welcome no matter how small.


4CORNERS CHASES ANOTHER GILLARD KNEEJERK MOMENT

... while Adani is happy to screw either Annastacia or Pauline

Larry Pickering

Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.

BLOG / FACEBOOK



Only this time it is the Government of Annastacia Pluckachook and it involves shutting down the Adani coal project. Never has there been a more desperately deceptive ABC program with the sole purpose of changing Government policy to a damaging shade of green. New lows in journalism were reached last night in a determined effort to only quote and put words in the mouths of Adani’s opponents. 

Only Green spokespersons and university bigots were interviewed for the purpose of accusing Adani of bribery, transfer pricing and boosting invoicing via offshore shell companies. Oh what a surprise! That sounds like a normal mining company, including BH-P, who pays as little as four per cent in “company tax”.

Due to a mix of easily outfoxing the ATO and sheer skulduggery, company tax can be above 30 per cent, yet that figure is never close to being paid. 

Due to an array of various company taxes, writedowns, R and Ds and deductions, the going rate needs to move 10 per cent up or down at the top end for a difference of one per cent at the actual base rate paid. 

Australia currently has the 6th highest corporate tax rate in the OECD at 28.7 per cent… that’s an uncompetitive 9.5 percentage points higher than the OECD average, without taking into account massive State royalties and other operating taxes. 

Now this rate augers poorly when compared to Trump’s proposed 20 per cent, given that Australia will be competing head on with the US in the China market for coal. 

China is opening one new coal-fired power station every week and, in its own words, will continue to do this until at least 2030. India says it plans to do much the same.

Mining taxes are certain to balloon even higher again if Shorten ever sees the inside of  The Lodge.

Whether we like it or not, Australia is reliant on domestic and foreign investment and if it continues to impose such incredibly high taxes, particularly on new investment in the mining sector, the goose will quickly get sick of laying our mining golden eggs.

When we look at iron ore, Australia has the second highest effective tax and royalty burden after South Africa… and more than double that of its major competitor, Brazil. 

The ABC wants Adani gone to the dogs too, like with its support of Gillard’s carbon tax and, unless Turnbull has a U-turn in mind, he and Frydanegg will take us down the same rabbit burrow as minerals rich Venezuela disappeared into. 

But why should the ABC worry about profits when profitability plays no part in its own operation? Its aim is the Green mantra of destroying the profitability of anything to do with coal, thereby scaring away international investment and allowing a free run at grossly inefficient Green wind and solar energy with the aid of taxpayer-funded subsidies that are already putting energy costs out of consumers' reach. 

But when money can’t be personally lost, the ABC will always opt for the destructive, ideological route of the Greens’ pillar of Communism, the angelic Lee Rhiannon (above) who swore two years ago that coal would be gone in two years.

Now a Qld election is imminent, the ABC clearly wants to force the Pluckachook Government to flip on its deal with Adani. 4Corners wants to replicate its extremely damaging "live exports" program where Gillard banned all live exports on the morning after the inaccurate 4Corners program aired and sent Australia’s livestock industry into a tailspin it is still recovering from and upsetting a fragile Islamic Indonesia to boot, for no effective improvement in halal compliant cattle slaughter.

But 4Corners won’t win this one. Any fool could see what the ABC was up to… a disgusting abomination of journalism and flagrantly dishonest reporting. The ABC is exhibiting dismay and desperation now that One Nation is likely to hold the balance of power in Queensland.  

                            Now there's a head you'd never get tired of kicking

Adani has no intention to sell our coal to us… our coal is off to compete with Brazil in the Chinese and Indian markets just like our gas. Make no mistake, Adani boss Guatam Adani (above) is a crook and would lock his grandmother in the shithouse and collect her pension, but the ABC needs much more meat on the bone if it’s to make its ridiculous charges stick.

So is Adani really a bunch of crooks like 4Corners suggests? Of course it is! And it’s a grubby bunch of the worst India can offer! So what’s new? This is bloody mining! 

Decades of investigations into Adani by Green activists have not resulted in one single charge being laid. Whether that’s due to Adani’s duplicity or the Greens’ incompetence is of little importance. Bugger Alan Jones' personal interests, Australia needs coal and gas sanity back in Queensland,

... (if it was ever there).



Comments

Nothing odd about an Indian Jew and a Polish Jew being in agreement.

Once upon a time, long long ago, the ABC was a reasonably decent organisation. Well worth the alleged 8 cents a day, no ads, reasonable quality programs and good investigative journalism. These days it is now an outrageous cesspit of leftist, poofter loving and right wing bashing fuckwits. My old boss in Canberra called them the GAYBC in the late nineties.

Australia’s TV Channel Digs Into Adani Many Scams All Over India
.
GGI News
.
On August 16, 2017 we published a report on How Adani Siphoned Off Rs 14938472484 From India To Tax Havens. This was a follow up article on the investigations carried out three years ago by Paranjoy Guha Thakurta published by Economic and Political Weekly titled Power Tariff Scam Gets Bigger at Rs 50,000 crore. In July this year after intimidation by Adani’s lawyers for his reporting of Adani’s many scams, Paranjoy resigned from EPW. A detailed report called the #AdaniFiles that summarizes the mining giant Adani’s track record, based on publicly available evidence and research into hundreds of court documents can be read here – #AdaniFiles – Short History Of An Allegedly Dangerous & Criminal Organization. Read our follow-up story on the issue here – Inside The Secret Network Trying To Sabotage India’s Coal Industry. Now Australia’s TV Channel ABC/Four Corners after months of investigations into Adani’s dubious dealings have aired their findings as a documentary titled Digging into Adani – The dubious dealings of India’s corporate colossus.
.
When Four Corners travelled to India to investigate the activities of the giant Adani group, they soon discovered the power of the company.
.
“Why would the crime branch want to see us?” Stephen Long, reporter
.
While attempting to film and gather information about Adani’s operations, the Four Corners team had their cameras shut down, their footage deleted and were questioned for hours by police. The team were left in no doubt that their investigations into the Indian company triggered the police action.
.
For months, Four Corners has been digging into the business practices of the Adani Group. This is the corporate colossus that plans to build Australia’s biggest mine site. The polarising debate around the proposed mine site in Queensland’s Galilee Basin is often pitted as a simplistic jobs versus greenies argument. But there are influential figures in India who warn that Australians need to know much more about the Adani Group.
.

Read full article here:
.
http://gginews.in/australias-tv-channel-digs-adani-many-scams-india/

Just watched Mark Latham on the morning show, I was very impressed with his answers to questions and he calls a spade a spade, not a f**n shovel. PC Un-correct , very good

India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds.

Adani's planned project in north-east Australia has been delayed for years as opposition from environmental groups led banks to steer clear of funding what would be the biggest coal mine in the country.

"By the end of this financial year, all things will be in place," Jeyakumar Janakaraj, chief executive officer of Adani Australia, a unit of Adani Enterprises, said in a phone interview, referring to the current fiscal year ending in March.

While physical construction at the mine is scheduled to start in the next few weeks, Janakaraj said the company is in talks to secure loans from export credit agencies financing its mining equipment and also tying up other funding.

"The company is in advanced discussions in all these cases with merely term sheets under final negotiations," he said, but declined to identify any of the agencies or lenders.

Janakaraj added Adani was looking to sell minority equity stakes in the coal project, which also includes a vital rail line, to financial institutions and contractors to help fund it.

Adani has been trying to get a A$900 million ($704 million) loan from Northern Australian Infrastructure Facility (NAIF) for its rail project.

Janakaraj, however, said it may not have to tap NAIF if its lenders provide sufficient debt funding for the rail line. Adani is looking at a debt-to-equity ratio of 45:55 for the mine, and 70:30 for the rail project, he said.

Adani sees the mining project turning profitable in three years at current coal prices, Janakaraj said.

Coal production from the mine will start in March 2020 and the company will end fiscal 2020-21 with production of 16 to 18 million tonnes, he said, adding the mine will produce 27 million tonnes the following year.

Seventy percent of the coal will be shipped to India, while the remaining coal will be sold in high demand regions of South East Asia such as Vietnam, Bangladesh, China, Philippines and Pakistan.

The company has also started discussions with the Australian government to enter the agri-commodity business and is drawing up a plan to export a million tonnes of pulses annually from the country.

"We are still to make a detailed plan on this," he said. ($1 = A$1.2778)

(Reporting by Promit Mukherjee; Editing by Mark Potter and Alexander Smith)

“…………….The strategists
.
Indian Power Minister Piyush Goyal exposed this foreign hand while talking to The Australian. He said that the legal challenges to the Carmichael coal project were “revealed to have been funded by multi-million-dollar foundations in the US”.
.
Providing more details the Queensland Premier, Annastacia Palaszczuk questioned the links between “the Australian groups, through their US funders, to the chairman of Hillary Clinton’s Democratic election campaign, John Podesta”.
.
The former Australian prime minister Tony Abbott accusing the environmentalists of green sabotage said “there has been a campaign to use environmental laws to sabotage this project and the whole coal industry in Australia”.
.
The source of information for these individuals are the 20,000 pages of leaked emails of the personal Gmail account of the former White House chief of staff and the chairman of Hillary Clinton’s 2016 U.S. presidential campaign, John Podesta published by WikiLeaks. It was WikiLeaks that exposed this highly orchestrated group of Australian environmental activists secretly funded by the US. This is Russia’s revenge for the disruption of its nuclear project in India (Wikileaks is believed to be a Russian intelligence operation by the security establishment of US and EU countries).
.
The emails show that the funders included the Sandler Foundation, the Sea Change Foundation, the Tilia Fund, the Growald Family Fund and the Flora Family Foundation.
.
It was revealed that the US-based Sandler Foundation funded Australia-based environmentalist group, the Sunrise Project, which offered “Wangan and Jagalingou people” financial support and scholarships if they opposed Adani’s mine project. It was revealed that Sunrise tailored its advice to indigenous communities in northern Queensland, and that the “whole Galilee Basin fossil fuel industrial complex is in its death throes”.
.
The executive director of the Sunrise Project, John Hepburn’s email to the Foundation also mocked the coal industry for the claim “there is some kind of foreign-funded and tightly orchestrated conspiracy to systemically destroy the Australian coal industry”.
.
It was revealed that United States had been covertly funding Australian anti-coal activists with the knowledge and approval of Johhn Podesta. The US money was designed to bankroll a strategy developed years ago by green activists to “stop Australia’s coal export boom”. The focus of these efforts was to “run legal challenges that delay, limit or stop all of the major infrastructure projects (mines, rail and ports)”. A particular priority target was Adani coalmine in central Queensland……………………………”
.
http://gginews.in/inside-secret-network-trying-sabotage-indias-coal-industry/

new post everyone

So, Adani's a crook right? To build railways and mines, dig coal and transport their coal they'll have to deal with the biggest criminal gang in Australia the CFEMU who, are also crooks. So, I reckon fair is fair. One crook deserves the other.

Nick Lowe "opened" for then WB labelmate and pal Elvis Costello on the patio of WB Records offices in Burbank, June 6 1989. Next up: Refrigerator White, from Party Of One.
https://www.youtube.com/watch?v=wjjMVHuTcdo
Check out the boring crowd.

Larry
what a load of bulls cock
qld is getting fuck all out of this gas bullshit
fuck your foreign investors try invest some of the super money keep it in the family so to speak
if its all as you say why such high gas&power prices
gouging by you so called needed cartel

Can the Adani mine go ahead without one billion dollars of our money?

Some rock and roll from Huska Du
Don't Want To Know If You Are Lonely.
https://www.youtube.com/watch?v=gEVi0IxC0yM

I didn't like spaghetti as a kid, don't know why, wasn't because it was wog food. Too bloody spoiled probably, where's my steak and salad with garlic, oil and vinegar dressing? What, Italian dressing ... Holy crap.

Halfway through last week it was reported that over 70% of the survey forms had been returned. As I'm letter-boxing little No flyers I was rather disheartened.

But tonight THEIR GayBC radio reported that the ABS had announced that almost half the survey forms have been returned.

Huh? Talk about 1984!

Traveling Wilburys-Runaway (Del Shannon`s song)

https://www.youtube.com/watch?v=qEPx9bkpkh8

If the production target were to be reached, this would have dramatic implications
for global coal markets, as exporters around the world are betting on India absorbing
the slowdown in Chinese coal imports. In the New Policies Scenario, India becomes
the world’s largest coal importer by 2020, despite a marked increase in production.
If coal production in India reached 1.5
billion
tonnes in 2020, the country would be
self-sufficient in steam coal, cutting imports entirely. Coal projects in Australia,
Indonesia and South Africa that target the Indian market would lie idle and extend the
current situation of overcapacity on the international market. With Chinese appetite
for imported coal diminishing, India disappearing as an importer would leave Southeast
Asia as the only significant demand growth centre for internationally traded coal. The
region is far too small to absorb all the additional production and, consequently, prices
would remain depressed for a long time to come.

Don't leave it on sbs it's turned into lesbian beer drinking hour.

RIP Tom, always liked this one,
Runnin Down A Dream.
https://www.youtube.com/watch?v=dXYl5NrHPb4

Can ANYONE in OZ imagine doing something similar to this in reverse ? Doubt it !

http://www.breitbart.com/national-security/2017/10/02/malaysia-muslim-only-laundromat-ensure-purity-clothing/Malaysia Opens Muslim-Only Laundromat to Ensure ‘Purity’ of Clothing.

All Australians I've heard commenting on the latest massacre - including the stick insect - have pronounced the city where it happened as LOS Vegas. The rest of the world is correctly pronouncing the city's name as LAS Vegas.

The ignorance of our self-styled elites really irritates me - mainly because they think they are so superior to the rest of us plebs.