olympic damn expansion cancelled, page-64

The mining industry in Australia is about 83% foreign owned. This reflects the highforeign ownership of the two major players – BHP-Billiton at 76% and Rio Tinto at 83%.
While most people think of BHP as an Australian company, ‘...BHP under our laws is a
foreign corporation, as is Rio Tinto1.’ Between them, these two companies make up about 70% of the listed company resources... A quote from a google search.