Federal fund doubles down on mineral sand mine after probe into Chinese links

The federal government's Northern Australia Infrastructure Fund has reaffirmed its support for a proposed mineral sand mine in the Kimberley despite investigating its relationship with a privately owned Chinese company last year.Kimberley Mineral Sands says it is confident that the project will go ahead

Sheffield executive chair Bruce Griffin said the finance would go a long way to finally getting the project underway. The funding increase comes months after NAIF said it was investigating Sheffield's involvement with Chinese steel producer Yansteel. KMS chief executive Stuart Pether said NAIF's eventual choice to nearly double the original loan commitment was a "great endorsement" of the project.

"These are massive milestones for our business and we're very confident we'll be moving forward — so confident that we've started some of the construction works onsite now."There are still concerns about the company's operations in the Kimberley town of Derby after the mine initially flagged it would aim to run its operations out of the port in 2018.

So China's a huge risk to us and the region we're told. But everything is fine if there's dollars to be made by some.

Selling our country to the communists. Congratulations! No lesson learned after the military crisis in Ukraine. Unfortunately we are at another Cold War. Why you inviting your enemies to Australia?

The fact is Australia must sell whatever it can sell. Many people are not happy with this reality, but no one has a solution.

Federal financial mismanagement includes selling Australia off to foreign investors Foreign ownership laws went out the window.

Federal fund is just finding out that the Federal Government has been selling of pieces of Australia to foreign countries. We will never learn .

More corporate welfare ..meanwhile never enough for health, real welfare recipients, affordable housing etc

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