A stranger enters your home.
They throw over your furniture. They tear down paintings and artworks. They break objects and rip items out of draws. They smash your possessions and make a mess that will take for ever to clean up.
They steal what is most vaulable.
Days later, the police catch them. Mug shots and finger prints are taken. Their identities are confirmed. You don’t know them, nor did you invite them into your home. You certainly don’t want them to keep your valuables.
They are not punished.
They do not have to return the valuables they stole.
They do not have to pay a fine.
They do not spend any time in jail.
They don’t even have to clean up the mess, or pay for someone else to do so.
They don’t have to fix or pay for the damage they caused.
This could never happen in Australia could it?
Outsiders steal from Australia. They take what is valuable. They cause enormous and often irreparable damage and refuse to fix what they broke. They also refuse to clean up the mess they made, or pay for it to be done.
Who are these people?
They are mining companies.
In addition, foreign companies hold 10 out of 14 position on both the Minerals Council board and the Queensland Resources Council board.
A 2011 report estimated 83% of mine production in Australia was attributable to foreign owners, including BHP Billiton and Rio Tinto. yes, even ‘Aussie’ companies such Rio Tinto and BHP, which called itself ‘The Big Australian’. BHP is 76% foreign owned, and Rio Tinto is 83%. Between them they constitute 70% of listed mining company resources.
This means that less than 10% of mining projects are solely owned by Australian owned companies, while over 90% have some level of foreign ownership. Foreign investment accounts for 86% share of ownership of major mining projects, including 26% from the US and 27% from the UK.2.
If the mining companies are based off shore, the profits go off shore. Australians are left to clean up the mess.