WEBVTT - Julie Bishop and the mine that could ruin Greenland

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<v Speaker 1>From Schwartz Media. I'm Daniel James. This is seven am.

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<v Speaker 1>Julie Bishop built her career as a politician representing Australia

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<v Speaker 1>on the world stage. Now she's taken on a new

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<v Speaker 1>lobbying role, working for a company with ties to the

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<v Speaker 1>Chinese government trying to mine uranium in Greenland. Her kit

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<v Speaker 1>comes at a time when China and the US are

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<v Speaker 1>ramping up their fight for domination in the Arctic, and

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<v Speaker 1>if she's successful, the benefit will flow to China. Today

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<v Speaker 1>contributed to the Saturday Paper, Ben Abbottangelo on the mind

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<v Speaker 1>that could ruin Greenland and what it means for Australia's

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<v Speaker 1>national interest. It's Monday, March ten, Ben, thanks for joining us.

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<v Speaker 1>How did you get on the Greenland Yeah?

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<v Speaker 2>I mean Greenland came into everyone's consciousness when Donald Trump

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<v Speaker 2>was reelected and he continually mused about his desire to

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<v Speaker 2>acquire the tiny micro state.

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<v Speaker 3>Well, we need Greenland for national security purposes. I've been

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<v Speaker 3>told that for a long time, long before I even ran.

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<v Speaker 3>I mean people have been talking about it for a

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<v Speaker 3>long time.

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<v Speaker 2>He also doubled down on that at the State of

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<v Speaker 2>the Union most recently.

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<v Speaker 3>And I also have a message tonight for the incredible

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<v Speaker 3>people of Greenland.

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<v Speaker 2>Reaffirming his position that he'd love to acquire it, either

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<v Speaker 2>by economic coercion or force.

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<v Speaker 3>And I think we're going to get it one way

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<v Speaker 3>or the other. We're going to get it. We will

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<v Speaker 3>keep you safe, we will make you rich, and together

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<v Speaker 3>we will take Greenland to haights like you have never

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<v Speaker 3>thought possible before. It's a very small.

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<v Speaker 2>Plot, and so I started looking into the region and

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<v Speaker 2>quickly realized that Greenland, while it has an incredibly sparse population,

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<v Speaker 2>has a vast stretch of land which is incredibly rich

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<v Speaker 2>with critical minerals and incredibly important from a military perspective

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<v Speaker 2>as well.

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<v Speaker 1>And we know that the race for critical minerals is

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<v Speaker 1>really heating up. Can you tell me a little bit

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<v Speaker 1>more about the opportunity that Trump sees in Greenland.

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<v Speaker 2>Yes, there's a few things that play here. The first

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<v Speaker 2>point of context is is that the Arctic is incredibly

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<v Speaker 2>important for the major players Russia, China, the United States

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<v Speaker 2>to be able to control, communicate, and coordinate all of

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<v Speaker 2>the satellites that are responsible for many of the things

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<v Speaker 2>that we're accustomed to today. But why Greenland is really

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<v Speaker 2>significant is, according to a recent Danish study thirty one

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<v Speaker 2>of thirty four materials defined as critical by the EU,

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<v Speaker 2>like lithium and titanium, are found in Greenland. It's also

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<v Speaker 2>incredibly rich with uranium and thought orium, and with the

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<v Speaker 2>rising temperatures, the ice on Greenland is starting to recede.

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<v Speaker 2>It means that the abundance of rare earth minerals deposited

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<v Speaker 2>there are becoming more accessible. So there's already huge vested

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<v Speaker 2>interests that are circling Greenland. People like Bill Gates and

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<v Speaker 2>Jeff Bezos are investors in mining projects there, and also

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<v Speaker 2>people like Howard Lutnik, who is Trump's Commerce secretary.

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<v Speaker 4>A band of billionaires from Jeff Bezos to Michael Bloomberg

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<v Speaker 4>and Bill Gates is all betting that below the surface

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<v Speaker 4>of the hills and valleys on Greenland's Disco Island and

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<v Speaker 4>Nusuwak Peninsula there's enough nickel, cobalt, and carpet to power

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<v Speaker 4>hundreds of millions of electric vehicles.

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<v Speaker 2>But beyond those big names is a small Australian mining

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<v Speaker 2>company that is also looking to exploit an incredibly rich

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<v Speaker 2>deposit in the southern part of Greenland. And not only that,

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<v Speaker 2>they're actually trying to sue the government there to get

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<v Speaker 2>these interests off the ground.

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<v Speaker 1>All right, let's talk about this Australian company then, who

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<v Speaker 1>are they and what are they trying to do in Greenland?

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<v Speaker 2>Yeah? So, Energy Transition Minerals is a junior mining company.

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<v Speaker 2>They're Melbourne based listed on the ASX.

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<v Speaker 5>And I'm excited to be joined by someone I haven't

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<v Speaker 5>actually spoken to you, Daniel Mavedo Blanco of Energy Transition Minerals.

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<v Speaker 5>An exciting new company that is exploring in different assets

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<v Speaker 5>areas of Western Europe, North America and obviously in Greenland.

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<v Speaker 2>Now they have one major interest in the south of

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<v Speaker 2>Greenland called the Cavanafeld Project.

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<v Speaker 5>Jow us a brief overview.

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<v Speaker 6>Absolutely so. Our major project is the Quaniafield project. It's

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<v Speaker 6>located in Greenland, the southern Battle of Greenland.

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<v Speaker 2>This project has the capacity to supply fifteen percent of

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<v Speaker 2>the world's rare earth elements for advanced technology, manufacturing and

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<v Speaker 2>advanced weaponry. So as a single deposit it is really significant.

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<v Speaker 6>Then, making it one of the largest rare earth projects

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<v Speaker 6>outside of China.

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<v Speaker 2>Wow So, and the wake of Donald Trump's reelection, their

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<v Speaker 2>share price over the following weeks surged by four hundred percent.

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<v Speaker 2>But what's important to know about energy transition minerals is

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<v Speaker 2>its deep links to CCP linked financiers and companies.

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<v Speaker 1>Yes, so the CCP the Chinese Communist Party. What are

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<v Speaker 1>China's interests in Greenland and ETM in particular.

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<v Speaker 2>Yes, there's a few things that play here. The first

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<v Speaker 2>point of context is that China dominates the rare earth's

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<v Speaker 2>supply chain, and what a couple of Chinese linked companies

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<v Speaker 2>are doing is they find predominantly junior mining companies around

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<v Speaker 2>the world that have leases or exploitation lasners over critical

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<v Speaker 2>mineral deposits. What they then look to do is put

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<v Speaker 2>in place agreements that allow them to obtain all of

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<v Speaker 2>the minerals that are extracted from those deposits so that

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<v Speaker 2>they all go back to China for processing, which enables

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<v Speaker 2>them to maintain their monopoly over that critical minerals supply chain.

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<v Speaker 2>But beyond that, military experts are saying that in these

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<v Speaker 2>strategic areas like Greenland, that there's a military component to it.

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<v Speaker 2>The region is just critical for spacecraft and they want

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<v Speaker 2>to be able to put dual senses and other technology

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<v Speaker 2>in there that can enable them to effectively capture intelligence

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<v Speaker 2>of their adversaries and potentially through time, be able to

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<v Speaker 2>also sabotage them.

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<v Speaker 1>Right, so we've got ATM connected with Chinese interests looking

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<v Speaker 1>to mine Greenland for its rare minerals. But in twenty

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<v Speaker 1>twenty one that was derailed.

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<v Speaker 2>It was derailed. So in twenty twenty one the opposition

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<v Speaker 2>party effectively went to the polls with a central promise

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<v Speaker 2>that they would ban this proja due to fears about

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<v Speaker 2>its close proximity to local populations, the very real concerns

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<v Speaker 2>that it would have when it comes to people's health,

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<v Speaker 2>the tourism sector, the environment itself, and they won the election.

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<v Speaker 5>Now, why has development of the project been held up recently?

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<v Speaker 6>Well, the main reason is the introduction of the Uranium

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<v Speaker 6>Act or Act twenty by the Government of Greenland that

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<v Speaker 6>came in.

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<v Speaker 2>And what that meant for energy transition Minerals and their

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<v Speaker 2>Cavanifeld project is that it was immediately halted.

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<v Speaker 5>So it's a bit to navigate there right now.

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<v Speaker 6>Absolutely, but we've got a great team. We're working with

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<v Speaker 6>worldwide experts in conflict resolution and getting around that issue.

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<v Speaker 1>Getting around that issue. What does that mean? How has

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<v Speaker 1>ETM responded.

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<v Speaker 2>Etm's response was quite litigious. They've lodged a statement of

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<v Speaker 2>claim in the courts and they are looking to sue

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<v Speaker 2>the Greenland and Denmark governments for a aggering eleven point

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<v Speaker 2>five billion dollars US, which is approximately four times Greenlands

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<v Speaker 2>annual GDP, and they have retained the services of Australia's

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<v Speaker 2>former Foreign Minister, Julie Bishop to support that.

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<v Speaker 1>After the break, what Julie Bishop got the job?

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<v Speaker 1>Ben, You've been looking into this Australian mining company with

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<v Speaker 1>links to China say they've hired former Foreign Minister Julie Bishop.

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<v Speaker 1>Can you tell me about that?

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<v Speaker 8>Hmm.

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<v Speaker 2>So, Julie Bishop was hired in January of this year.

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<v Speaker 2>It was off the back of Donald Trump's reelection. The

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<v Speaker 2>company noted Bishop would provide support and counsel to its

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<v Speaker 2>board to negotiate a win win, and it explicitly referenced

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<v Speaker 2>her time as former Foreign minister when describing I suppose

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<v Speaker 2>the contribution that she would make, saying she had quote

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<v Speaker 2>an outstanding track record of working with governments around the

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<v Speaker 2>world to deliver mutually beneficial outcomes.

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<v Speaker 1>Yes, so Julie Bishop's track record. She was Minister for

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<v Speaker 1>Foreign Affairs for five years. As she's talked about her

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<v Speaker 1>encounters with Trump in that time, so some strategic advantages

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<v Speaker 1>for ETM there. Did you meet Donald Trump?

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<v Speaker 8>Yes, yes, Donald Alina.

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<v Speaker 1>I know you have to be diplomatic. I met the.

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<v Speaker 8>President on a number of occasions. He is unorthodox, he's

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<v Speaker 8>very confident, self confident and again because I was Australia's

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<v Speaker 8>Foreign Minister, he was very warm and welcoming.

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<v Speaker 1>But since retiring from politics, she's moved into the university

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<v Speaker 1>sector and she's currently the chancellor of a and U.

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<v Speaker 8>It is a great honor to take up the role

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<v Speaker 8>of chancellor of Australian National University. Without doubt, A and

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<v Speaker 8>U is world class in terms of education.

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<v Speaker 1>That she can have this lobbying gig on top of

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<v Speaker 1>her roll there.

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<v Speaker 2>Yeah, it's a great question. And I spoke with Jeffrey

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<v Speaker 2>Watson sc who is a director at the Center of

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<v Speaker 2>Public Integrity, and he was astonished that not only a

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<v Speaker 2>former Foreign Minister, but also the Chancellor of a and

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<v Speaker 2>you would use her skills and reputation on a project

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<v Speaker 2>like this, and just asked, you know what's for sale here?

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<v Speaker 2>Is it Julie's reputation? Is it Australia's reputation? And I suppose,

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<v Speaker 2>Yet it raises much broader questions around the very real

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<v Speaker 2>fact that before this uranium band was put in place,

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<v Speaker 2>all of the indicators were that all of the uranium

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<v Speaker 2>and thorium that was extracted out of this project was

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<v Speaker 2>going to go to China, was going to be processed

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<v Speaker 2>by companies that are designated as advancing the modernization aims

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<v Speaker 2>of China. What does that mean for Australia. So we

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<v Speaker 2>made repeated efforts to understand if the Australian National University

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<v Speaker 2>was aware of Miss Bishop's role with ETM, but they

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<v Speaker 2>declined to comment. We also asked Penny Wong So, the

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<v Speaker 2>current Foreign Minister, if there was a concern that her

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<v Speaker 2>predecessor was working with companies that have been deemed to

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<v Speaker 2>be out of line with Aushowia's national interest. But she

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<v Speaker 2>also declined to comment, and we also reached out to

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<v Speaker 2>the Treasurer, Jim Chalmers, but the Treasurer also declined to comment,

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<v Speaker 2>so no one.

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<v Speaker 1>Wanted to talk to you about it. What do you

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<v Speaker 1>think that says about politicians leaving office and taking these

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<v Speaker 1>types of lobbying gigs where the benefit to Australia is

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<v Speaker 1>actually quite questionable. What does that tell you?

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<v Speaker 2>It just makes me think that all persuasions, it feels

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<v Speaker 2>within Australian politics are okay with leaving office and using

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<v Speaker 2>the skills, the influence, the gravitas, the networks, the rolodecks

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<v Speaker 2>that they've acquired during those roles to further advance their

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<v Speaker 2>own aspirations. Christopher Pine was integral in defense and then

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<v Speaker 2>is now a defense contractor. I mean, we think of

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<v Speaker 2>Scott Morrison as well, who was bounced into a whole

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<v Speaker 2>range of roles that are linked to Orcus and many

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<v Speaker 2>other significant policies that his government pushed through. I think

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<v Speaker 2>everyone deserves to have a life post politics, but I

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<v Speaker 2>think it's really alarming that you can use what you've

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<v Speaker 2>acquired during that time.

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<v Speaker 1>So back to Greenland. The litigation is underway. This Australian

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<v Speaker 1>government is suing the Greenland government. Julie Bishop is lobbying

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<v Speaker 1>for them. So where do you expect this to land.

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<v Speaker 2>Ben, So we're on the eve of Greenland's election. The

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<v Speaker 2>current party that is seeking reelection has doubled down on

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<v Speaker 2>the fact that it will maintain the uranium ban. But

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<v Speaker 2>the opposition party who is putting itself forward for this

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<v Speaker 2>election has refused to say whether or not they will

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<v Speaker 2>keep or repeal that uranium ban. So it is high

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<v Speaker 2>stakes for Greenlanders and for energy transition minerals and Julie Bishop.

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<v Speaker 2>And I suppose there's still those circling question marks around

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<v Speaker 2>the US, China, Russia who all want to have their

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<v Speaker 2>noses in the Greenland trough.

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<v Speaker 1>I didn't see Greenland on my Bingo card ticket this

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<v Speaker 1>year as being the talking point that it is. But

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<v Speaker 1>thank you for your reporting and thank you for coming

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<v Speaker 1>in and speaking to us.

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<v Speaker 2>Thank you.

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<v Speaker 1>You can read Ben Abbotangelo and Rochel Hoffman's story about

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<v Speaker 1>Julie Bishop and the Greenland mining project at The Saturday

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<v Speaker 1>Paper dot com dot A. You also in the news today.

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<v Speaker 1>Six soldiers have serious injuries after an accident near Lismore

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<v Speaker 1>on Saturday night. Two military trucks rolledwide doing clearance work

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<v Speaker 1>in the flood affected area. The soldiers from the Gallipoli

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<v Speaker 1>Barracks in Brisbane are now being treated in the hospital

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<v Speaker 1>to aur in a serious condition. And Wa Premier Roger

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<v Speaker 1>Cook has won his first election as premier as Labour

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<v Speaker 1>swept a victory in the state election for a third

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<v Speaker 1>consecutive time. The ABC election analyst to Anthony Green sa

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<v Speaker 1>that the result was disastrous for the Liberal Party and

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<v Speaker 1>pointed to a significant recovery in the Greens vote after

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<v Speaker 1>the party underperformed last time around. I'm Daniel James. This

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<v Speaker 1>is seven am. We'll be back tomorrow. Don't anything you