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Has Clive Palmer gone loco?

His latest post:

clive.jpg
 
I am looking forward to the federal election and the end of the advertising bombardment by that imbecile Clive Palmer that seems to have been going on for a year now.

Who really wouldn't like to lay one on that fat c.
 
Should we be concerned about governments passing legislation that interferes with the right of citizens to access the court system ?

This is going to be a fundamental test for democracy if the Palmer case goes to the High Court, especially if he gets a decision in his favour.

https://www.abc.net.au/news/2020-08...-despite-laws-to-block-damages-claim/12556616
It has been a few comments around Twitter that the emergency legislation is unconstitutional. and to be honest I'm getting highly alarmed at this governments increasing authoritarianism and use of subterfuge
 
Should we be concerned about governments passing legislation that interferes with the right of citizens to access the court system ?

This is going to be a fundamental test for democracy if the Palmer case goes to the High Court, especially if he gets a decision in his favour.

https://www.abc.net.au/news/2020-08...-despite-laws-to-block-damages-claim/12556616

Its absolutely draconian and wrong.

Gareth Parker 6PR radio Perth (I don't like his politics but a really smart guy) who hates the McGowan government spoke to the previous Liberal Premier Barnett who started the whole problem said he agreed it was the right course of action!

Parker rang around all the major mining companies in the state quoting one of the execs who said he had no problem with the governments actions because no one acted or was like Palmer!

The major mining lobby group in WA said yep go ahead no problems!

Palmer has no Friends for good reason as per MacQuacks comment above.

However uneasy that this is the only course of action.

Its all due to a state agreements of which there are 70 Palmer is the only one ever to run it through arbitration everyone else works with the state to arrive at a point agreeable that works......not Palmer.
 
Good afternoon
Published today via New Corp Media. Most interesting news really. Not sure how this will work. Allot things to do to get this up and running again. Tailings are another issue ... Having said that, it has been revealed that, "In September 2022 Yabulu secured a 30-year port access agreement with the Port of Townsville". Big Clivey owed an absolute fortune apparently. So if Big Clivey ain't around no more then would stand to reason the Port would open up entry/exit gate to the factory. Interesting.

Most skeptical is rcw1 ... see what transpires then.

Palmer announces sale of Yabulu refinery​

Clive Palmer has found a buyer for the Yabulu nickel and cobalt refinery in Townsville. Read why he’s put it on the market.

Tony Raggatt
@anthonyraggatt

3 min read
December 22, 2022 - 11:07AM
Townsville Bulletin

Clive Palmer has announced he has entered a share purchase agreement for the sale of the Yabulu Nickel and Cobalt Refinery in Townsville for an undisclosed sum to Zero Carbon Investek. Mr Palmer is selling his joint venture shares in QNI Resources Pty Ltd and QNI
Metals Pty Ltd to Zero Carbon Investek — a special purpose vehicle formed to undertake the acquisition, based in Switzerland.

Mr Palmer said the sale would bring enormous economic and environmental benefits to the people of North Queensland and wider Australia. “I am happy to announce that this first-class asset has found enthusiastic and expert new owners in Zero Carbon Investek,’’ Mr Palmer said. “I look forward to the Queensland government and all relevant authorities lending their full support to the new owners. This is a big win for the people of North Queensland providing jobs and economic benefits,’’ Mr Palmer said.

Yabulu operated for about 40 years before its operating company was placed in administration and then liquidation in 2016 mmAbout 800 people lost their jobs.

According to Mr Palmer’s statement, it is regarded as a world class, large-scale, globally significant nickel and cobalt refinery asset. It previously represented a large part of the gross regional product of the North Queensland economy, contributing $1.37bn per year for Townsville and 3960 full-time equivalent jobs across Queensland, with more than half those jobs in and around Townsville.


The statement says the refinery was placed into a high-level of care and maintenance since 2016 and is now looking to restart.

“The Yabulu restart plan is designed to optimise refinery operations, including realising extensive tonnages of nickel and cobalt contained in the tailings storage facility. In September 2022 Yabulu secured a 30-year port access agreement with the Port of Townsville,” the statement says.

It says an 18-month restart plan positions Yabulu to rapidly become among the top 10 largest nickel assets in the world with a production capacity of 53,500 tonnes per annum of nickel and 3700 tonnes per annum of cobalt. Both are strategic and critical minerals playing a major role in industrial processes, global decarbonisation and electrification.

12cd04f9b0bfdc09ece8b8e5bc7b08f5.jpg

The Yabulu nickel refinery. Picture: Zak Simmonds

Nickel and cobalt are used for the production of electric vehicles, renewable power generation, battery manufacturing, energy storage, aerospace, defence and health. According to the statement, Zero Carbon Investek is currently in advanced discussions with a number of globally significant strategic players who are seeking product offtake opportunities, alongside investment.

“Under Zero Carbon Investek, the refinery will directly employ about 800 staff, upon restart of operations, and many more during the construction period,” the statement says.

“To this end, in the longer-term, Zero Carbon Investek is hopeful that the site may unlock opportunities for new domestic industry, including battery or electric vehicle manufacturing.”

The Zero Carbon Investek syndicate is headed by Dr Richard Petty whose career spans more than 30 years in business and academia. He has served on more than 20 public and private company boards and has advised multinational companies and several governments on projects with an aggregate economic impact in the hundreds of billions of dollars. He previously served as a member of the Business20 and was a member of the B20 Financing Growth and Infrastructure Taskforce.

Dr Petty said the Yabulu refinery was positioned for an exciting future. He said Zero Carbon Investek would invest an additional US$800m ($1.19bn) in capital expenditure, post acquisition, further enhancing the facility including transitioning to net zero carbon through the replacement of coal and gas fired steam and power generation with solar, saving up to 500,000 tonnes of CO2 emissions per annum.

“Whilst the restart of the refinery is the key strategic priority, Zero Carbon Investek is also targeting the development of a large scale, 1.5Gw solar photovoltaic plant and battery storage facility at the refinery site to create new industry opportunities and sustainable environmental benefits,’’ Dr Petty said.

“Reducing the carbon intensity of operations through the development of solar PV is a key priority for Yabulu moving forward.

“The Yabulu large-scale solar project will be situated in the Northern Queensland Renewable Energy Zone and is set to become a main contributor to the Queensland Government’s new Queensland Energy and Jobs Plan which has a target of 70% renewable energy by 2032 and 80 per cent by 2035, representing an $85bn investment into the energy system.

“Helping the Queensland Government to achieve such targets whilst boosting the economy and providing jobs is an important part of Zero Carbon Investek’s mission.” In pursuit of this ambition, Zero Carbon Investek says it has successfully developed agreements with leading researchers at some of the world’s top universities, including Imperial College London and University of Cambridge, who are developing game-changing industry-leading solar technology capable of unparalleled solar power conversion efficiency of 41 per cent, at a small fraction of the cost.

The PV plant will employ more than 50 people and will generate surplus grid scale power, which can be sold locally or interstate.

An associated battery plant will employ more than 50 people and will also allow sales in other states for domestic, industrial and grid scale power generation.

“We look forward to working with the people of North Queensland and relevant authorities to fully realise the potential of this world class asset,’’ Dr Petty said.

EDIT: deled a photo​

 

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