Teal MPs are backing Andrew Wilkie’s call for an inquiry into an alleged coal scam after the independent MP claimed in parliament that mining companies faked evidence about the quality of their exports to increase profits | micksfoley
Teal MPs are backing Andrew Wilkie’s call for an inquiry into an alleged coal scam after the independent MP claimed in parliament on Monday that mining companies had faked evidence about the quality of their exports to increase profits.– from an anonymous coal executive whistleblower that showed the alleged misconduct occurred in exports to Japan, South Korea, China and India.Alex Ellinghausen
Wilkie claimed in parliament that laboratory ALS had conducted “fraudulent testing” that suggested some coal exported from Australia was of a higher quality than it actually was, potentially increasing the price miners could charge and attracting fewer import restrictions due to pollution. ASIC recently concluded an investigation into ALS without action.
An ASIC spokesperson said it had conducted “extensive investigations” and its inquiries into TerraCom, which owns the Blair Athol mine in Queensland, were ongoing and “well advanced”. “As the investigation is continuing, ASIC is not able to discuss the matter in any more detail at this stage.” “Regulator after regulator, year after year, failed to act and I just kept getting more and more evidence in and eventually a number of inquiries and royal commissions were set up.”An Anglo American spokesperson said the allegations were “entirely false”.
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