17 July 2020 Reacting to the news that a club of banks, led by DBS and including Korea Export Import Bank, Korea Development Bank and Hana Bank, CIMB, Maybank of Malaysia, Bank of China, Bank Mandiri, Bank Negara Indonesia and Exim Bank of Indonesia have signed a 15 year loan … Read More
Adani’s new plan, November 2018 update
5 November 2018 The next six months will be critical for whether Adani’s destructive mega coal mine goes ahead. Thanks to some cost-cutting, on both its proposed railway line and the mine itself, Adani’s Carmichael project is now a far cheaper, and therefore more bankable, proposition. A smaller initial phase … Read More
Canberra protestors at the Korean Embassy warn Korean investors not to back Adani’s disastrous coal export plans
10 October 2018 Today, Canberrans turned out at the Korean Embassy to warn potential investors that buying a stake in Abbot Point means helping Adani build the most controversial project in Australia’s history. It’s vital that Korean financial institutions and companies are made aware of the massive social and environmental … Read More
Media release: Korean Adani interest revealed in Freedom of Information request
Friday 5 October, 2018: A document released through Freedom of Information has revealed Korea responding positively to efforts by the Australian Government to promote Adani’s controversial Carmichael coal project. The document, sent from Seoul to Canberra in November 2016, follows a meeting between the Korean Export and Import Bank and … Read More
The financial backers of Vietnam’s latest 3 power stations
Reuters is reporting that, with Vietnam’s Prime Minister Nguyen Xuan Phuc preparing to visit Japan, licences will be awarded on three proposed new coal-fired power stations that would be heavily backed by Japanese funding. The article does not name the plants, but Market Forces is aware that the three mentioned are Namh … Read More