Chinese ownership WA

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Chinese ownership WA

Post  Idigem on Thu Apr 06, 2017 7:00 pm

Check this out

THE CHINESE SNAPPED UP ANOTHER CATTLE STATION IN WA - Shanghai CRED is the same company buying up the Kidman property their section 3.3mil hectares can you all see the pattern now.

More than 400,000 hectares of pastoral land in Western Australia's Goldfields region has been sold to the Chinese real estate conglomerate Shanghai CRED.

Shanghai CRED is also part of a $365 million joint bid with Gina Rinehart's Hancock Prospecting to purchase the Kidman cattle empire.

Shanghai CRED paid around $2 million to purchase Melita, Jeedamya and Kookynie stations, owned for the last decade or so by WA cattle identity Jack Burton, from the Yeeda Pastoral Company.

The Chinese company is also waiting on FIRB approval for several other Goldfields stations and has recently purchased Yakka Munga and Mount Elizabeth stations in the Kimberley.

Jack Burton owns several stations across the Kimberley and last month opened the Kimberley Beef Processing Facility, north of Broome.

Mr Burton said his family had purchased Melita about 10 years ago and had planned to run small stock on it.

"We have really started focussing on our operation up north rather than our stuff out there," he said.

"Our ambition was to let it repair and then slowly work stock back into the program there."

Wild dog predation in the pastoral region has prevented many southern pastoral properties from running small stock.

Big ambitions to expand production

Mr Burton said the new owners, Shanghai CRED, were planning to run cattle on the property.

"We had ambitions to put dog fences and sheep back in there but obviously the guys who have bought it are more looking at cattle.

"They've obviously got a plan, with what they've been up to they've got a fairly active plan.

"They have some big ambitions to bring a lot of the country, that has been parked up and not used recently, back into production.

"As far as I know they're looking at putting some cattle infrastructure there and bringing all that up to speed and then introducing cattle.

"They've got a property in Marvel Loch there in the Wheatbelt and I think they're thinking of running them all in conjunction."

Mr Burton said the property was destocked before the transaction. It had been for sale for six months before Shanghai CRED expressed an interest.

The purchase needed approval from the Foreign Investment Review Board.

Mr Burton said the process was frustrating and lengthy.

"It's hard to understand how it all works. There is obviously state and federal requirements for approvals, as usual in this country it's a massive issue with red tape and time," he said.

"Why it takes so long has got me beat.

"I think surely something like that the decision could be made faster and so that the people who are buying and the people who are selling can get on with their lives.

"I think this idea that everyone should have to wait for such a massive amount of time for something like that to either be approved or denied, whatever the outcome people will live with that, but it just has to be done in a timely manner.

"These guys would have been in there 12 months ago progressing the development of the property."

Mr Burton said this sale was an example of positive foreign investment.

"This is a property that I've owned for nearly a decade and done virtually nothing with," he said.

"I look at it and think if someone else is going in there, regardless of who or where they've come from or who they are, if they're going to go in and invest a heap of money and reinvigorate that property and reinvigorate that industry I think we should embrace it."

He said aside from conservation groups and carbon farming interests, there were few other buyers for these sorts of properties.

Positive move for WA pastoral industry

President of the Pastoralists and Graziers Association of Western Australia Tony Seabrook said the sale was mostly a positive move for the WA pastoral industry.

"The Chinese are very keen to increase productivity wherever they go.

"I have no doubt there will be a lot of investment going on out there that will enhance the capacity of these properties, production wise," he said.

"There is a concern out there in the broader community about foreign investment but if you've got property that is not being invested and is not producing, and someone comes on board and is prepared to put a lot of capital in and get it up and running in a very effective way, it's all got to be positive."

Mr Seabrook said wild dog predation had destroyed the small stock industry and cattle was the only option for some pastoralists.

"Things do evolve, I've no doubt that once the methodology is determined and the stocking rates are determined and the infrastructure goes in, which is obviously fences and water, it is the way forward," he said.

"Obviously cattle are far more sustainable than wild dogs and if we are going to drive any benefit from that pastoral land we're going to have to do something completely different than thinking we can run sheep there."

https://stopforeignownershipinaustralia.com.au/2016/10/12/firb-approves-chinese-shanghai-cred-wa-goldfields-pastoral-stations/

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Re: Chinese ownership WA

Post  Minermike on Fri Apr 07, 2017 1:25 pm

Go and try to buy some land in China ! Good luck ! They are too smart for the Aussies .
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Re: Chinese ownership WA

Post  Minermike on Fri Apr 07, 2017 1:35 pm

Like ten-ticals of an octopus , Islam and China are trying to take over the world. They both have undercover motives . Smiling faces . It will affect your children and grand children . At 72 it will not affect me, I am in the last 30 % of my life or less.
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Re: Chinese ownership WA

Post  boobook on Sat Apr 08, 2017 5:43 pm

Six years ago we thought about visiting the Bungle Bungle's.
Our van was ok to go in over the DEC access road only to discover a toll of $20 for the 4wd and $10 for the van. ($50 for tourist buses)
This on a road maintained by the DEC, but Jack Burton, owner of Mabel Downs claimed he had to charge the fee to keep the road open.
With close to 30000 visitors a year into the Bungles (NP), that bloke had a very capitalistic attitude. cyclops
No, we did not fall for it Cool
Mike

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Shanghaied...

Post  mungoman on Sun Apr 09, 2017 4:54 am

What would stop any foreign interests buying up land in Australia is if The Australian Government prevented it.

No matter who's in power, The Government is allowing this to happen.

There's the real problem.
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Re: Chinese ownership WA

Post  goldtalkleonora on Sun Apr 09, 2017 9:28 am

Boobook....that's only the tip of the iceberg mate.....what a grub.
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Re: Chinese ownership WA

Post  Idigem on Sun Apr 09, 2017 10:50 am

Boobook , just wait until shanghi cred buy it

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Overseas ownership

Post  philip.j.thompson on Sun Apr 09, 2017 8:54 pm

I believe our PM is currently in India to sell off loads of QLD coal, all our gas has been flogged off , try to buy land in these countries. Anyway lets try to keep Acess to goldfields open in Australia.
regards Phil

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Re: Chinese ownership WA

Post  geof_junk on Sun Apr 09, 2017 9:04 pm

I hope they do to them, what has happen to most of us. The rates have cost me more than the land since I lived on it.
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Re: Chinese ownership WA

Post  Digginerup on Sun Apr 09, 2017 9:17 pm

Some interesting facts.................http://www.beefcentral.com/news/foreign-land-register-reveals-china-takeover-is-heavily-over-stated/

but a space to be watched anyway Wink

Wayne. cheers
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Re: Chinese ownership WA

Post  slimpickens on Mon Apr 10, 2017 2:38 pm

I just want them to make a simple bolt that doesn't break it's stupid head off while I'm dangling a 200 kilogram band saw 8 inches in the air while trying to fit castor wheels to it. Mad Mad



I mean, it's not too much to ask for is it? I had hardly started applying pressure to it................. Jeez!





请加强螺栓谢谢 !!!!


Last edited by slimpickens on Mon Apr 10, 2017 6:11 pm; edited 1 time in total (Reason for editing : better photo)

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Re: Chinese ownership WA

Post  davsgold on Mon Apr 10, 2017 3:28 pm

Hey Slim, you obviously went way past its load rating. Laughing Laughing Laughing

Maybe this is what it should be rated at. "gently tighten - 英中" Laughing Laughing Laughing

cheers dave
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Re: Chinese ownership WA

Post  slimpickens on Mon Apr 10, 2017 6:05 pm

davsgold wrote:Hey Slim, you obviously went way past its load rating. Laughing Laughing Laughing

Maybe this is what it should be rated at.  "gently tighten - 英中"   Laughing  Laughing  Laughing

cheers dave

Q35
Next there will be a warning saying "To ensure no breakage, do not tighten, leave loose, wear safety helmet at all times"

One day, some advertising 3rd level clerk ... off his medication and (before taken out and shot), will advertise some rubbish product by inserting the line "Warning, piece of Chinese crap, do not buy". Evil or Very Mad

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Re: Chinese ownership WA

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