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The Forum > Article Comments > Australian miners 'lacking transparency' > Comments

Australian miners 'lacking transparency' : Comments

By Andrew Hewett, published 24/5/2010

Mining companies need to reduce their risk of potential complicity in corruption and human rights violations.

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Andrew, I know this is a na´ve question, but where are the Australian mining industries hiding their huge profits? Take BHP for instance. The shares are trading at about $37.19 and the dividend is about 2.56%. The P/E is 20.07 and they pay dividends back to the shareholders of about 50% of the earnings per share. Where is the capacity to increase tax on the profits by 40%?

Geoffrey Kelley
Posted by geoffreykelley, Monday, 24 May 2010 10:57:23 AM
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