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News Wrap

IN this morning's News Wrap: Padbury funder tells all; China to push growth with energy projects;...

Lou Caruana

Padbury funder tells all

Padbury Mining's $6.4 billion man, former hair clinic operator Roland Bleyer, claims to have been in negotiations with the government of Prime Minister George Papandreou to lend Greece billions of euros during its debt crisis, according to the Sydney Morning Herald.

He also claims to have played a key role at an Azerbaijani bank and had business meetings with Lebanese Prime Minister Rafic Hariri, who was assassinated in a 2005 bombing, and ministers of the Syrian government.

China to push growth with energy projects

China plans to launch some large energy projects this year, including nuclear power stations along the coast, to boost economic growth that weakened to a 1.5-year low during the first quarter, according to the Australian Financial Review.

Premier Li Keqiang announced the plans, without providing further details, at a State Energy Commission meeting last week, according to remarks released on a government website on Sunday.

Hancock on the hunt

John Hancock is confident that renewed interest in Australian projects from foreign capital is a good indication the country is moving on from some bad policy decisions, as he looks for the new investment opportunities in the junior resources space, according to The Australian.

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

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