rio tinto 70% foreign owned
bhp 40% foreign owned (hope i got the % the right way round)
the land in australia belongs to australia as do the minerals found on or in the land.
the resources are being removed for profit at a little over the same tax rate as other listed companies.
the profit of our land being raped is going to other countries.
this is a very positive tax for australia.
im losing quite bad on rio, and other shares... but long term it will be for the better...
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