Tag Archives: Clive Palmer

Palmer’s China comments could scupper trade deal

Michael Sainsbury Crikey, www.crikey.com.au, 25 August, 2014 Clive Palmer’s anti-Chinese government comments last week — they are “bastards” and “mongrels” — could not have come at a worse time for Prime Minister Tony Abbott and Trade Minister Andrew Robb. Chinese President Xi Jinping is preparing to bring more than 400 people — the largest business and

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Citic’s Australian mine a pit of despair

Michael Sainsbury Once-mighty Citic Pacific was almost destroyed by a currency-hedging scandal in 2008. Today, the Chinese conglomerate is again caught up in crisis as it pours cash into the much-delayed Sino Iron mining project in Western Australia, a black hole that has swallowed over $10 billion to date. The iron ore mine in the

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