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Clive Palmer claims CITIC Pacific failed its obligations, hurt Queensland Nickel with $200m royalty delay
Clive Palmer claims CITIC Pacific failed its obligations, hurt Queensland Nickel with $200m royalty delay

West Australian

timea day ago

  • Business
  • West Australian

Clive Palmer claims CITIC Pacific failed its obligations, hurt Queensland Nickel with $200m royalty delay

Royalties billionaire Clive Palmer has begun his fight to blame iron ore miner CITIC Pacific for his alleged $1 billion collapse of mineral processing play Queensland Nickel. Mr Palmer is trying to pin the Yabulu refinery's permanent closure on delays in the payment of royalties from the Cape Preston iron ore operation, 90km south-west of Karratha. Mr Palmer has become a billionaire thanks to hundreds of millions of dollars in big-ticket royalties paid by CITIC subsidiaries since it kicked off its $20 billion magnetite iron ore mining, processing and export operations early last decade. He blames Queensland Nickel's January 2016 collapse on delays in CITIC's alleged failure to pay his flagship Mineralogy a second category of royalties totalling more than $200 million from 2013 to late 2017. Starting a WA Supreme Court hearing on Monday, Mr Palmer's barrister Peter Dunning said CITIC's failure to pay so-called category B royalties had created a genuine risk for Queensland Nickel and Mineralogy. Contrary to claims by CITC that it did not have to pay the second category of royalties pending a judgment handed down in November 2017, Mr Dunning said the Hong Kong-listed group had breached a deal signed a decade earlier. 'The breach is a matter of record in this court,' Mr Dunning said, kicking off a fortnight of hearings. 'It had a flow-on effect to other companies in the Palmer group. Mineralogy was particularly vulnerable to CITIC's non-performance.' Mr Palmer's Yabulu nickel refinery has been closed since it fell into administration and then liquidation in early 2016. A Federal-funded special purposed liquidator was also appointed to protect workers claims of up to $80m. CITIC and Mr Palmer's interests have also been locked in an endless array of legal battles over royalties and the extension of the magnetite iron ore mining, processing and shipping operations on Pilbara land held by Mineralogy under a State Agreement. Mr Palmer won a WA Supreme Court judgment in November 2017 ruling he should get category B royalties that took into account iron ore grade and prevailing prices. The original deals between CITIC and Mineralogy had nominated a benchmark iron ore price that was scrapped in 2010.. The billionaire claims he would have been able to save Queensland Nickel in late 2015 if CITIC had paid the category B royalties payments to Mineralogy on time. CITIC is fighting Mr Palmer's attempts to blame the collapse on the alleged delays in royalty payments, arguing that legal arguments about the second-tier royalty payment were extremely complex. But Mr Dunning said there was no basis for CITIC delaying the payment of the category B royalties. In doing so, it was breaching its obligations under agreements with Mineralogy from the late 2000s. 'The CITIC parties were getting that benefit but not paying for that benefit to Mineralogy,' he said. The first stage of the case is set to run for a fortnight, but the argument over the post-collapse value of Yabulu may be heard in August. Justice Michael Lundberg last week rejected an expert report from BDO commissioned by Mr Palmer that estimated the value range for the Yabulu refinery of zero to $227m straight after Queensland Nickel collapsed in January 2016. But after legal arm wrestles, Justice Michael Lundberg ruled on Friday Mr Palmer could call for evidence from an accountant who filed an expert report that was used against the Mineralogy boss in a 2017 legal action. The Palmer and CITIC legal teams have agreed to hire former Supreme Court master Craig Sanderson to assist with working out the way forward based on the limited use of the 2017 valuation.

Celebrity Series chief Gary Dunning to retire following 2025-26 season
Celebrity Series chief Gary Dunning to retire following 2025-26 season

Boston Globe

time5 days ago

  • Entertainment
  • Boston Globe

Celebrity Series chief Gary Dunning to retire following 2025-26 season

Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Under Dunning's leadership, Celebrity Series has continued its tradition of bringing star power to Boston stages, including artists such as pianist Yuja Wang, cellist Yo-Yo Ma, and trumpet player Wynton Marsalis. Advertisement But he has also worked to broaden the organization's appeal. One year after his 2011 arrival, Dunning oversaw the creation of 'Arts for All!,' a community outreach program that promotes local artists and offers free performances. Another early program, the Debut Series, highlights young and emerging classical musicians. More recently, he's overseen the launch of the Stave Sessions, which focuses on contemporary music, and the Jazz Festival. Advertisement Perhaps equally important, Dunning led a $23 million capital campaign that expanded the organization's endowment and created dedicated funds for programming. Dunning, who led American Ballet Theatre and the Houston Ballet prior to his arrival at Celebrity Series, called it an 'honor to steward this incredible institution and contribute to Boston's arts ecosystem.' 'The artists, audiences, staff, Board, donors, and community partners I've worked with have inspired me every day,' he said in a statement. 'I am so proud of what we've achieved together, and I look forward to seeing Celebrity Series continue to grow and innovate.' Malcolm Gay can be reached at

1913: the 10 days that shook Durban
1913: the 10 days that shook Durban

IOL News

time13-05-2025

  • Politics
  • IOL News

1913: the 10 days that shook Durban

INDIAN strikers, above and right, pictured in Durban on November 21, 1913. Image: Supplied There has been a lot written about the Great 1913 Strike. The strike first sparked in the coal mines of Newcastle. The strike then ignited the plantations of the North and South coasts of Natal. There has been though little focus on the strike in Durban, where the city's workers rose up by laying down their tools of trade. It was noteworthy that the very first strikers joined on November 16. This was, of course, the day on which the very first indentured workers arrived in Natal. In the wake of the commemoration of Workers' Day we take a look at the strike and its stunning impact on Durban. AS STORIES of the strike spread from the northern coalfields, there was a palpable sense of something in the air. In Durban's Magazine and Railway barracks, messages were convened in the brumous evening of the 14th. On the 15th food was bought, firewood for cooking stored and children put on guard for strangers. By now it had become apparent that the government was using Indians to infiltrate the strike and identify leaders. In Newcastle, for example, Deputy- Protector Dunning informed the attorney-general that Budhoo Dasrath, employed at Glencoe Junction, was 'an important witness re. Indian strike movement. Police anxious he should be moved immediately as they fear intimidation otherwise. Will you please arrange?' Dasrath provided the following intelligence: 'I was on strike. I went to Railway carriage to speak to Gandhi about food. Gandhi replied: 'All those who go to Volkrust will be fed.' 'Station master saw me speak to Gandhi, but could not have understood as we spoke in Hindustani.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Dasrath was moved from Glencoe to Pietermaritzburg on November 10, 1913, to be under the protection of the magistrate. John Ramsamy, another infiltrator, stated on October 31: 'I was at meeting. Saw Mohideen Sahib and Narrainsamy. Then Gandhi said all Indians should go to Newcastle and Volksrust. Promised food. Mohideen Sahib is indentured at Ballengeich.' On the morning of 16th, the workers of the Magazine Barracks led the strike into the city. The Corporation moved quickly, employing white scabs to drive the water-sprinkling carts. But whites were unused to these tasks. While a white scab was vainly trying to fill his cart in Grey Street, the water kept spraying on to his face, and as he ducked and dived, a large crowd of Indians gathered around him and laughed until the tears rolled down their cheeks. Suddenly, as the newspaper put it, one Indian, with sinewy, muscled forearms and legs like tree trunks, stepped forward. The crowd hushed. He loudly 'claimed that No. 7 was his cart, and no European loafer should be entitled to drive it. It is my work', the coolie kept on reiterating, and his feelings would have overcome his wisdom but for the restraint put upon him by those around. The white man's departure was greeted with booing and cheering by the Indians, particularly of the ex-driver, Sammy of No. 7 water cart. INDIAN strikers pictured in Durban on November 21, 1913. Image: Supplied Indian employees of the African Boating Company and Chiazzari and Co. at the Point joined in the strike. Percy Binns, chief magistrate of Durban, with WP Curry, managing director of African Boating, addressed workers at their compound. Binns told them that striking would not lead to a repeal of the hated three pound tax, and that Curry would 'overlook' their participation if they returned to work because he knew that they were 'faithful servants who had been misled and deluded'. But the strikers knew that the tax was a burden that was too much to bear for their fellow workers on the plantations. They resolved to continue their action. Binns arrived with the army and African policemen the following day, and arrested 140 men at African Boating and 110 at Chiazzari. They were charged with illegally absenting themselves and imprisoned for seven days with hard labour. Thirty-five workers at Mary Maples Factory in Prince Edward Street went on strike 'on behalf of the 'Rajah', whose name they could not give. The strikers were wearing red rosettes as the emblem of passive resistance'. Laundrymen, hospital workers and bakery workers joined on November 17. According to the Natal Advertiser, 'crowds of Indians' were 'prowling the streets with sticks and sjamboks, and it is easy to see that the greatest tact, withal, and determination will be required to keep them under control'. The Market Master reported that gardeners brought produce, but hawkers boycotted them and 'boys and young Indian men swept along the street, tossing what produce remained into the street and gutters, and threatening the farmers if they did not go home'. They also 'rushed' the market several times; a strong police presence maintained order. White citizens of Durban became very concerned when around 150 Indians on Chick's Estate in Umgeni joined the strike on November 17. There was anxiety that workers from Coronation Brick Works and Bishop's Estate would join next. Chick's men marched to Queens Bridge, where they encountered the army. A MASS meeting at the sports ground, Durban, November 19, 1913. Image: Supplied They demanded to be allowed to go to the Protector. The officer called the Protector on the phone, who agreed to meet with workers on the estate. White and African policemen were stationed at Chick's Estate in anticipation of violence. That afternoon, strikers participated in a mass meeting. A 'platform' was hastily erected, and the crowd of 2 500 'huddled together seven or eight deep': 'There they remained, with hardly a sound or a movement, for over an hour. It was a roundly picturesque event. Every class, race and calling of Indian was represented. Their eager swarthy form and bright intense eyes never turned from the speakers. The atmosphere was one of strained attention. The sharp and spontaneous outbursts of applause seemed to show the mood of the meeting was with the speakers. 'First, Mr Albert Christopher spoke in English. Speaking with a rapid fluent delivery, full of spirit and sometime of emotion, he stirred the audience to considerable enthusiasm. Almost every period was punctuated by clapping, and when he asked if the audience intended to sit down and suffer their grievances there was a vigorous response of 'No, no!' 'Next, Sheik Emamally addressed the attendance at some length in Hindustan. As he rose, he held up a sheaf of telegrams and cables, these including a cable from the Honourable GR Gokhale, India, as follows: 'India chilling with indignation, protests pouring upon government for forwarding Imperial Government! Every endeavour being made.' 'He also read messages of support from Mr G Nateson of Madras and Methilal Nehra, chairman of the Allahabad Committee South Africa League, conveying 'sympathy', 'admiration' and support after the holding of mass meetings. Next, JM Lazarus addressed the meeting. He emphasised 'brethren' and 'unity' in the passive resistance movement.' Workers from Addington Hospital and the Durban Corporation were urged to return to work, so that 'humanitarian work would not be disrupted'. Gandhi had personally sent this message to Christopher. Despite the pleas of Emamally and Christopher, the strikers attacked two Indian employees of the Corporation working on a cart in Grey Street. About 60 mounted police arrived in Durban to prevent 'intimidation'. On November 18, a mass meeting at the Greyville Racecourse was addressed by Lutchman Panday, Thambi Naidoo and two Indian women (names not given). On the afternoon of November 18, Magistrate Binns went with the police and army reinforcements to the Railway Barracks in Umgeni and arrested 133 workers for 'refusal to work' and, in some cases, assault. They appeared in court the next morning. The judge sentenced the strikers to seven days with hard labour. In Durban, strikers congregated at the 'flats' near the racecourse, where a mass meeting was held on November 19. INDIAN strikers pictured in Durban on November 21, 1913. Image: Supplied Strikers made it clear they would not return to work until the tax had been repealed. One striker told the meeting that his parents, brother and sister, who were born in India, looked to him, a colonial-born, 'to fight their battles and he saw it as a sacred trust'. Strikers told a reporter that Gandhi was coming to Durban to tell them what to do. If he could not end the strike, it would be ended by Gokhale 'who was on his way to Natal to confer with the Union Government'. Gokhale had made a stunning visit to South Africa in 1912. It had galvanised Indians as he toured the country with Gandhi by his side. Many began to have a sense that there was a great power on their side. As the strike took hold, food prices skyrocketed as market gardeners withheld their produce, flower sellers were absent from the streets, and trade was at a standstill at the Indian Market. Employers used the opportunity to replace Indian workers. The Model Dairy, owned by Mr Wayne, announced that it would retain white scab labour and only reinstate Indians where whites were not available. According to one report, there was a 'general inclination to sift the wheat from the chaff. There is a general tendency, as far as possible, to replace Indians with white labour'. There was trouble at Bishop's and Effingham estates where police used sticks to disperse strikers. The magistrate gave permits to Indians 'opposed to the strike' to visit these estates to persuade Indians to return to work. The permits were withdrawn on November 24 when it emerged that some of the appeasers were actually encouraging the strikers. The government decided to work through its own officials or through Indians 'actively' opposed to the strike. The strike lasted 10 days. But it brought the city to a standstill. Never before was City Hall threatened by this show of power. But the seeds had been sown through the years of indenture as a sense of identity and community was built out of the ruins of the journey across the kala pani. As Amitav Ghosh put it in The Shadow Lines: 'One may watch a tree for months and yet know nothing at all about it if one happens to miss that one week when it bursts into bloom.' Today, the people of the Magazine and Railway barracks still meet. There is a history that stretches back over a 100 years. Through their work in the Corporation, they literally helped build the City of Durban. The city fathers rewarded them by smashing the barracks and forcing them to relocate to Chatsworth. But they would not be broken. They kept in touch. They rebuilt their lives. The Shree Emperumal Temple is testimony to their religious spirit. And a soccer club appropriately named Railway United attracted the former residents of the barracks to grounds across Chatsworth. They also carried with them a sense of justice. This spirit was born all those years ago in their determination to confront the three pound tax despite the fact that it did not directly affect them. They were the pioneers of the Cosatu slogan: 'An injury to one is an injury to all.' The next time you drive down Point (now Mahatma Gandhi) Road, think of those strikers who went to jail in 1913. Marvel at their exploits, take courage from their fortitude. Feel a twinge of guilt about our own cowardice in these difficult times. Goolam Vahed Image: Supplied Ashwin Desai Image: Supplied Desai is at the University of Johannesburg. Vahed at the University of KwaZulu-Natal. ** The views expressed do not necessarily reflect the views of IOL or Independent Media. The POST

Rangers select Tucker Barnhart from minors, Dane Dunning designated for assignment
Rangers select Tucker Barnhart from minors, Dane Dunning designated for assignment

Fox Sports

time30-04-2025

  • Sport
  • Fox Sports

Rangers select Tucker Barnhart from minors, Dane Dunning designated for assignment

Associated Press ARLINGTON, Texas (AP) — The Texas Rangers selected catcher Tucker Barnhart from Triple-A Round Rock before Wednesday night's game against the Athletics and designated pitcher Dane Dunning for assignment. Barnhart was added to the big league roster after catcher Kyle Higashioka reported hamstring tightness. Barnhart, 34, has hit .246 in 20 games with Round Rock. He signed as a free agent with Texas in December after hitting .173 in 31 games with Arizona last season. Dunning made his only appearance with the Rangers this season Tuesday, pitching the final three innings in a 15-2 win over the Athletics to earn his first major league save. He made five starts for Round Rock before being recalled before Tuesday's game. Dunning, 30, was voted the Rangers' major league pitcher of the year in 2023, going 12-7 in 26 starts and 35 appearances with Texas going on to win the World Series for the first time in franchise history. ___ AP MLB: recommended

Rangers select Tucker Barnhart from minors, Dane Dunning designated for assignment
Rangers select Tucker Barnhart from minors, Dane Dunning designated for assignment

Yahoo

time30-04-2025

  • Sport
  • Yahoo

Rangers select Tucker Barnhart from minors, Dane Dunning designated for assignment

ARLINGTON, Texas (AP) — The Texas Rangers selected catcher Tucker Barnhart from Triple-A Round Rock before Wednesday night's game against the Athletics and designated pitcher Dane Dunning for assignment. Barnhart was added to the big league roster after catcher Kyle Higashioka reported hamstring tightness. Advertisement Barnhart, 34, has hit .246 in 20 games with Round Rock. He signed as a free agent with Texas in December after hitting .173 in 31 games with Arizona last season. Dunning made his only appearance with the Rangers this season Tuesday, pitching the final three innings in a 15-2 win over the Athletics to earn his first major league save. He made five starts for Round Rock before being recalled before Tuesday's game. Dunning, 30, was voted the Rangers' major league pitcher of the year in 2023, going 12-7 in 26 starts and 35 appearances with Texas going on to win the World Series for the first time in franchise history. ___ AP MLB:

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