Hefty coal royalties have propped up state government coffers since 2022. But BHP says the tax scheme will not benefit Queensland in the long term.
A long-term effort by the ATO to get more tax out of the oil and gas sectors has paid dividends that are likely to deliver billions of dollars in extra revenue.
BHP has warned that a new wave of protectionism,promoted by the likes of former US president Donald Trump,is a threat to global trade.
The agreement could end more than a hundred lawsuits against the mining companies in the South American country and possibly limit legal action abroad.
The mining giant is hoping to break the jinx of Australian companies faring poorly on foreign acquisitions. But it would need to convince the market that buying lithium is worth it.
Acquisitive billionaires are sniffing big profits in Australia’s coal sector,and they’re willing to go where other investors fear to tread.
So intense has the standoff between BHP and the Albanese government become that the parties are even contesting who started the fight.
The Australian mining giant is bracing for a slowdown in Chinese appetite for Australia’s most lucrative export,iron ore.
In a highly volatile environment,BHP has shown there is nothing wrong with being boring.
Australia’s mining lobby has slammed industrial relations law changes that have helped unions get a toehold in the country’s largest export.
The iron ore giant has flagged it is open to potentially large-scale takeover plays in copper to increase exposure on metals vital to driving the shift to green energy.