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ANZ branches targeted by mill protesters

26 Jan, 2012 03:00 AM

PROTESTS were held in front of ANZ bank branches across four cities yesterday in solidarity against the financial institution's possible decision to allow timber company Gunns to refinance its loans.

The company is due to make a payment of $350 million by January 30.

More than 35 members of the No Pulp Mill Alliance and the public protested in front of the ANZ Launceston branch in Brisbane Street for an hour.

It is understood that protesters also gathered at ANZ banks in Hobart, Melbourne and Sydney.

An ANZ spokesman said in a statement it would not be financing the pulp mill project.

``There has been no change in our position from May 2008 that we will not be providing project finance for Gunns Limited's Bell Bay pulp mill in Tasmania,'' the statement said.

A Gunns spokesman said that the company would not be commenting on the matter.

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Date: Newest first | Oldest first
Timber workers who have their greedy hands out all the time for tax payers money will have plenty to say about this no doubt.

We moved from the Tamar Valley making the decision we didn't want to be near this filthy stinking pulp mill.

Those who are left have the uncertainty of the damage it could do to the region, the damage it could do to their health and lifestyle.

They have no redress under Section 11 the most undemocratic piece of legislation ever passed in Australian history!!

So before criticising those who rallied at the bank THINK AGAIN.

Posted by WELL DONE PROTESTORS, 26/01/2012 8:08:30 AM, on The Examiner
they must want the project to be foreign owned?
Posted by twistie , 26/01/2012 8:26:40 AM, on The Examiner
ANZ says`There has been no change in our position from May 2008 that we will not be providing project finance for Gunns Limited's Bell Bay pulp mill in Tasmania,'' BUT, if the bank facilitates an extension of Gunns' debts, They are then in effect FACILITATING the PULP MILL and prolonging the uncertainty Tasmanians have been forced to live with for the past eight years. Words can be tricky slippery little suckers!! Who can we trust?
Posted by frances, 26/01/2012 8:28:08 AM, on The Examiner
ANZ have got to acknowledge that in the past Gunns were a diversified company and providing them a line of credit was not necessarily supporting the pulp mill. Now that Gunns has completely decimated the rest of their business to focus on the mill there is nothing else, supplying a line of credit to gunns now supports their ongoing development of the doomed pulp mill project. If ANZ want to do that that's their choice but they should acknowledge it.
Posted by Rob, 26/01/2012 8:39:09 AM, on The Examiner
ANZ says it doesn't support the pulp mill. I say the ANZ’s has backed itself into a corner. Since ANZ rejected the project in 2008, Gunns has restructured its business making it clear it was being stripped back to focus soley on the mill. Gunns made it clear. It's only about the mill. That means ANZ are now the sole financial lifeline to a company that's focussed on the one aspect of Gunns business that ANZ says it rejects. ANZ' position on the pulp mill is very clearly at odds with Gunns sole company aims and objectives. This is a dilemna for ANZ. Opponents are right to highlight this fact..
Posted by Rick Pilkington, 26/01/2012 12:01:07 PM, on The Examiner
I am sick of Timber Workers being described as having there hands out for Tax Payers money. How many of these protesters work. I bet I am contributing to their dole money. Arrest them I say.
Posted by Hadenough, 26/01/2012 2:10:03 PM, on The Examiner
It appears to me that these protesters have buried their heads in the sand The fact is that Gunns have exited native forrest and are basically a plantation based company. A worlds best practice pulp mill is good for Australia. These protesters are about more than saving the environment , THEY ARE RABID GUNNS HATERS who you can not apply normal reasoning to, They are actively trying to sabotage a legitimate Australian company have STOPPED logging native forrest. These protesters probably have a history of protesting about anything they don,t like.
Posted by Tim, 26/01/2012 2:32:50 PM, on The Examiner
I notice in some of the pictures of protestors they are carrying signs claiming the mill will be 80% native forest-fed.

What a bald-faced lie. The company said more than two years ago that it would be plantation only, and the Federal Government's environmental conditions now require - at Gunns' own request - that the mill use 100% plantation wood. If they don't the Government can shut the mill down.

And if anti-mill groups are lying about something as simple as wood supply, then we cannot believe them on water pollution, smell and in fact anything else they say.

Posted by Ami, 26/01/2012 3:12:28 PM, on The Examiner
I think you can believe the protestors about section 11.
Posted by Neil, 31/01/2012 8:31:31 PM, on The Examiner
Not a single dole recipient out of all those who attended outside ANZ Launceston. I work. Some turned up during their lunch time. Some have retired from work. No dodgy info on our signs - though at a similar protest on the mainland someone had accidentally picked up outdated signs where they'd been lying since the last campaign against ANZ financing the mill. Not a lie, just a mistake. They were true when written, but someone forgot Gunns are now 'pulling out of native forest' - which they've converted into plantations.

Anyway, those on the dole have the right to protest.

Posted by Garry Stannus, 1/02/2012 10:51:27 AM, on The Examiner
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