business start paying for 80% foreign miners, page-39

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    "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."
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    "Of course, the Australian mining industry is not completely foreign owned but foreign ownership is high.28 The two largest mining companies, BHP Billiton and Rio
    Tinto, seem to be about 85 per cent foreign owned and Xstrata, the third largest, is 100 per cent foreign owned. For the industry as a whole foreign ownership might be 80 per cent (Edwards 2011). It is surprising, therefore, that the trading gain - foreign ownership relationship has not received more analytical attention.29"


    http://cbe.anu.edu.au/research/papers/ceprdpapers/DP656.pdf
 
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