Strategic Investments
The mining company BHP, one of the greatest in Australia, expressed its position against the preliminary report of the Productivity Commission entitled “Creating a more dynamic and resilient economy”, highlighting its contributions to the national economy and pointing out the risks of a new Tax to the Net Cash flow proposed by the Agency.
In fiscal year 2025, BHP made notable contributions that reinforce its role as an economic engine. The company paid 10.5 billion Australian dollars in taxes, royalties and contributions to the State; distributed 6.2 billion in salaries and benefits to more then 46,000 workers; and allocated 20.3 billion to suppliers, of which 2.6 billion benefited from local businesses and 779 million to Australian indigenous companies. It also delivered 102 million to community programs and 8.9 billion in returns to their shareholders, strengthening the Australian pension system.
During the last decade,BHP has contributed more than 103 billion dollars to the governments of the contry,consolidating itself as one of the main taxpayers. Its average effective tax and royalty rate reached 45.3 %, demonstrating transparency in its tax management.
The company stressed that in the last 10 years it has invested 47 billion Australian dollars in capital projects and that, in the coming years, could double that level of investment. In South Australia,it seeks to expand its copper operations to convert the region into a global mining pole. In parallel, in Pilbara, it has approved the construction of a sixth downloader of wagons and associated works for an amount greater than 1.3 billion dollars, promoting employment and community growth.
These initiatives are part of a long-term vision that, according to the company, requires a competitive regulatory and fiscal framework against other countries that seek to attract investments.
(Photo: BHP)
Keep reading