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LoadedDog

17,234 Posts.

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25/02/24

00:12

Post #: 72580421
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Originally posted by LoadedDog: ↑

OK I see my error that is revenue, Australia is the largest part of their operations. But consider this:

Rio Tinto‘s (OTCPK: RTNTF) board has approved Guinea’sSimandouiron ore project, marking it the world’slargest mining endeavor. CEOJakob Stausholmconfirmed the news about the $20 billion project.

Do you honestly believe that a 100% Australian miner could do this? Of course not, but Australians will own 7% of that mine

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Notice that in 2021 they paid $7.7 bill tax at 31% and employed 21,000 well paid, tax paying workers.
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