Adani doesn't need Australian banks money
Adani does not need Australian banks' money: Ex-Rio Tinto CEO
This always seems to happen that "former" mining executives make public statements to support the industry that made them rich."
Well of course Adani do not need Australian banks money, they seem to have the federal and Queensland governments throwing money at them.
Also important to know that 14 international banks have already rejected financing them.
So where are we at now with "sweeteners" for this project ?
- Unlimited free access to ground water
- Changes to native land title laws
- $900 million "loan" for rail link
- Yet to be approved: Royalty "holiday" worth $320 million
Come on, if they need all that shit, it is obvious that this can not stand on its own two feet.
It is also setting a dangerous precident for future projects that will demand similar concessions.