Here I was thinking that at last the big bloated mining companies operating in Oz might finally be made to pay a realistic tax on the huge profits they make out of a very finite resource.
Even in the middle of the global financial crisis they were all doing nicely thank you.
I switch on the radio today and find that Swan and Bowen are being tipped to back down and give in to the dishonest media campaign those same big miners are running.
Don't do it fellas - those Aussies battling their way towards retirement and facing less and less in the way of social infrastructure to help in old age are standing squarely behind this tax rearrangement.
Swanee - forget the meeja, ignore the polls, remember the people!
How some of that filthy lucre's adding up:
17 May 2010 Leighton announces third quarter profit of $400m and $37.5bn of work in hand....These are strong results for the nine months which reflect solid performances in mining and infrastructure
26 Feb 2010 ... Perilya announces net profit after tax of $28.5 million in six latest month report.
Rio Tinto's net profit after tax came to $5.43 billion in 2009
Fortescue Metals Group reported net profit after tax for the 12 months to June 30, 2009 of $626.13 million
30 June 2009 On an underlying basis, Centennial returned a record $82.0 million after-tax result.
9 September 2009 Hillgrove Resources Limited (ASX: HGO) is pleased to announce a net profit after tax (NPAT) for the six months ended 31 July 2009 of $53,973,885 (2008 6 months: $2,208,242 loss) after tax expense of $27,170,778
Industrea have announced an adjusted net profit after tax (NPAT) of $41.3 million for the 12 months to 30 June 2008, up 122% from the previous year's result
2008 Alumina Limited's net profit after tax for 2008 was $168 million...AWAC's 2008 net profit after tax was US$592 million compared to US$953 million in 2007
ERA's net profit after tax for the full year ended 31 December 2008 was a record $221.8 million, compared with $76.1 million for the same period in 2007. Earnings before interest and tax (EBIT) were $318.0 million (2007: $108.0 million)
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