"Just to put to bed the lie that is implied in the thread header, BHP and RIO are both substantially owned by Australian funds that are the bedrock of Australian worker's super funds. "
"That's a blatant straight-up lie, untruth, pure and simple.
The standards have dropped so much now, that anyone can write up a lie, and try to force others to argue with it.
Its a lie, did I say that? A lie pure and simple, unadulterated first class." ------------------------------/
"Almost 90 per cent of Australian agricultural land is wholly domestically owned, with another six per cent majority-Australian owned. Only one per cent of foreign investment proposals in 2010-11 involved agriculture, forestry and fishing. In contrast, 83 per cent of mining profits accrued to foreigners in 2009-10. Looking at the three largest 'Australian' miners, foreign ownership accounts for three-quarters of BHP Billiton, over 80 per cent of Rio Tinto and 100 per cent of Xstrata.
The issue is not mainly about foreign ownership; it's whether the foreigners make a fair revenue contribution in return for exploiting minerals owned by the Australian people."
