BHP pays $9.1bn in global taxes
PERTH (miningweekly.com) – Mining titan BHP on Tuesday revealed that it had paid $9.1-billion to its host governments in the 2019 financial year, through taxes, royalties and other payments.
In its economic contribution report, the miner noted that 78.7% of this payment, amounting to $7.1-billion, was paid in Australia.
A further $1.1-billion payment was made to the Chilean government in 2019, and $253-million to the US government, followed by $53-million each to the UK and Canadian governments.
Over the past ten years, BHP’s global taxes, royalties and other payments amounted to $84.3-billion, of which $62.5-billion was paid in Australia.
BHP’s total economic contribution in the 2019 financial year amounted to $46.2-billion, with the miner contributing $29.5-billion to the Australian economy through salaries, payment to suppliers, dividend payments and government taxes and royalties, as well as through social investment.
“As well as our direct economic contribution, we invested $7.6-billion into our business through the purchase of property, plant and equipment and expenditure on exploration.
“This investment typically has a multiplier effect by creating new jobs within our operations and also for the suppliers on whom they rely,” the company said in the report.
The Queensland Resources Council (QRC) on Tuesday said that the report highlighted that BHP’s contributions in Queensland had increased by more than A$100-million in the last financial year.
“These payments to the Queensland government can be reinvested in services and infrastructure for all Queenslanders,” QRC CEO Ian Macfarlane said.
The QRC’s own annual contribution study found that in 2017/18, the resources sector contributed A$62.9-billion to the Queensland economy, making A$19.5-billion in purchases, paying A$5.2-billion in wages and returning A$4.3 billion in royalties to the state government.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...
VISIT SHOWROOM
Occupational health services, mobile clinics, wellness campaigns, aviation.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
