The mining industry in Australia is about 83% foreign owned. This reflects the high foreign ownership of the two major players – BHP-Billiton at 76% and Rio Tinto at 83%.
While most people think of BHP as an Australian company, ‘...BHP under our laws is a foreign corporation, as is Rio Tinto1.’ Between them, these two companies make up about 70% of the listed company resources
just for you moon...read carefully and slowly with comprehension.
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