Mining Magnate: Palmer Millions and Future Royalties

mining magnate: But hours after the WA Supreme Court ruled CITIC Pacific Mining must pay Palmer millions in past and future royalties from Australia's largest iron ore project in WA, the mining magnate took aim at the state's premier Mark McGowan, according to The Guardian. Palmer's weapon of choice was an online video, published on Vimeo and disseminated on social media, accusing the WA Labor government of wanting to change the law to favour a communist Chinese government-owned company over an Australian one. This time his target is not Canberra, but Western Australia, where, on the back of his election defeat, he claimed a legal victory over his Chinese business partners. Chinese communist, government-owned companies should not be allowed to destroy Australian companies or take their property, Palmer states in the video. While the video's message was simple, the real story has more twists and turns than a Hollywood disaster movie. Public officials need to be loyal to Australia and their oath of office and protect the rule of law and our democracy. (news.financializer.com). As reported in the news.