you need evidence that Australian resource companies are mostly foreign owned
that tells us a lot about you
“Based on the search results, a significant portion of Australian resource companies appear to be foreign owned:
1. According to a 2022 study, the top 30 companies in Australia by sales value (including both listed and unlisted companies) are 79% foreign owned[2].
2. The same study found that companies profiting from Australia's $62.5 billion LNG industry are on average 95.7% foreign owned[2].
3. A 2011 study commissioned by the Australian Greens concluded that 83% of the Australian mining industry is foreign owned. This estimate was later supported by Treasury analysis that put foreign ownership of major mining projects at 86%[4].
4. Specific examples of foreign ownership in resources include:
- BHP, once known as "the Big Australian", is 73% owned by American-based investors[6].
- Rio Tinto is more than 60% owned by American-based investors[6].
5. As of 2010, foreign investors partly or wholly owned 11% of farm land in Australia, with higher percentages in certain states like the Northern Territory (23.8%) and South Australia (12.1%)[3].
While the exact percentages may have changed since some of these studies were conducted, the overall trend indicates a high level of foreign ownership in Australian resource and mining companies, particularly from American investors.
