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Perth festival – like almost all the major city festivals around the country – is financially supported by resource giants, in their case Chevron, Rio Tinto and Woodside.
After several Canadian resource giants, particularly the nickel mine operator Inco, fell into foreign hands through takeovers, speculation focused on the Montreal-based aluminum producer Alcan.
Seventy-eight companies now have listings on both the TSX and the Big Board, including the country's biggest banks; natural resource giants like Alcan and Barrick Gold ; and the five companies spun off by the breakup of Canadian Pacific.
Many poor countries, he said, "fall victim to the corporate resource giants", before boasting that "Timor-Leste will be the country that goes down in history as the nation to put a stop to it".This prickliness over perceived national sovereignty extends to issues of defence although twice since 1999 Australia has sent its soldiers into harm's way in Timor-Leste.
Those misgivings were then cited by India's Supreme Court when it refused to approve Vedanta's venture in November.In the past Western resource giants mounted similarly "legalistic" responses to controversies, says Daniel Litvin, a former correspondent for The Economist who now runs Critical Resource, a consultancy which advises energy and mining firms on their social and environmental policies.
The team says big IT companies, natural resource giants, and even secretive government agencies have all expressed interest in private enterprise versions of Rap Genius.
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One of the three terminals was proposed by the Indian resource giant Adani, the second by a joint venture between the Indian company GVK and Gina Rinehart's Hancock Coal, and the third site was to be developed by BHP Billiton.
Jordan then moved on to evidence given by resources giants Rio Tinto and BHP.
Like the steel industry, natural resources giants want to control supplies to offset price fluctuations and strengthen their vertical integration.
Dressed in fluorescent safety jackets, they have the names of the big resources giants such as BHP Billiton and Rio Tinto emblazoned on their sleeves.
The internal politicking around Russia's natural resources giants provides outstanding investment opportunities for bold Western energy companies that can see beyond it.
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