QLD labor put the highest mining taxes on earth to coal….. Federal labor introduced horrific IR laws that begin late August that drastically affect the cost base of BHP and other large corporates. BHP estimated it to cost them over $1 billion per year….They are not pro business, they are pro union. Maybe actually read their policies. What about the 40 odd coal projects blocked by the federal environmental minister?
Those IR laws make us even less attractive to invest new capital here. Do a NPV calculation, it reduces all projects. Hence why you can see BHP and RIO are investing significantly overseas not so much in Australia. Australias sovereign risk has increased significantly, and no doubts you won’t believe me. But simply go back to any of Mike Henry’s recent speeches and he’s called out specifically labor and QLD labor on this. The only state he has praised was south Australia.
QLD labor put the highest mining taxes on earth to coal….....
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Last
$42.75 |
Change
0.340(0.80%) |
Mkt cap ! $216.8B | |||
| Open | High | Low | Value | Volume |
| $42.69 | $42.83 | $42.50 | $240.2M | 5.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 237 | $42.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $42.75 | 28966 | 1 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$42.66 |
Change
0.340 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $42.68 | $42.83 | $42.50 | 1811916 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| BHP (ASX) Chart |