Mr Palmer also said:
“We’ve had three judgments in the Federal Court and the Supreme Court of Western Australia and an arbitration against these Chinese mongrels — I’m saying that because they’re Communist, they shoot their own people, they haven’t got a justice system and they want to take over this country. “And we’re not going to let them,” he added. “The Chinese government wants to bring workers here to destroy our wage system ... they want to take over our ports and get our resources for free. “So far they’ve shifted $200 million worth of iron ore out of this country without paying for it. I don’t mind standing up against the Chinese bastards.” Treasurer Joe Hockey said Mr Palmer’s extraordinary televised tirade was hugely damaging for Australia and that the mining magnate had been a big beneficiary of Chinese investment in Australia. “He is in a very obvious legal dispute with his Chinese partners but I’d say to Mr Palmer, please don’t bring down the rest of Australia because of your biases.”
(news ltd)
Mr Palmer has had 2 problems with Citic (partially Chinese Government owned entity)
(a) royalties from iron ore not paid by Citic
(b) ownership of the shipping port which was initially assigned Palmer as operator.
I guess Palmer, unlike most of us, has first hand knowledge of dealing with the Chinese.
It will be interesting to see in ten years time if Mr Palmer's so called rant was justified.
