“Australia – Beautiful One Day, Wasteland The Next” No doubt we will be inundated with Liberal Trolls and Mining stooges, so we urge you to take a drive up the Hunter Valley one weekend and see for yourself the devastation that Mining has had on our once pristine Valley. Better still, take a joy flight and send us some pics.
But, never fear, they said they would rehabilitate once the mining was complete. Yeah, right!
Foreign ownership of Australia’s mining production in 2010
In 2010, about 83% of mine production in Australia was attributable to foreign owners. The three biggest miners in Australia (BHP, Rio and Xstrata) all have significant foreign ownership(76%, 83% and 100% respectively). These are the three companies that negotiated the MineralResources Rent Tax (MRRT) with the Gillard government in its first month of office.
Other iconic “big Aussies” have significant foreign ownership, such as Fortescue at 40%. The next tier of large coal and copper producers, include players such as Gloucester Coal (coal, 63% foreign owned) and Banpu (coal, 100% foreign owned).
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