Attempts to stop mining tax a sign of miners’ greed
I see the greedy miners are bent on destroying Brendon Grylls’ idea of increasing the miserly 25¢ tax, set in 1964, to $5.
This is what they did to Kevin Rudd when he tried to introduce a mining tax to give Australia some real return for their resources
In 1964, when the 25¢ was introduced, the first big contract of 65.5 million tonnes was signed with a Japanese company for £270 million — that is $540 million or 8.25 per tonne.
The average chief executive’s salary has increased by 19 times between 1965 and 2014.
How would Rio Tinto’s iron ore chief Chris Salisbury react if the iron ore price was still $8.25 per tonne, and his salary was onenineteenth what he is paid now? Len Paggi, Carnarvon