PM Gillard to Miners: Share the Wealth

By Bizclik Editor

“You don't own the minerals. I don't own the minerals. Governments only sell you the right to mine the resource, a resource we hold in trust for a sovereign people.”

This was the message Prime Minister Julia Gillard delivered at last night’s annual Parliamentary dinner in Canberra in defence of the working people to whom she is determined to “spread the benefits of the boom.” A hefty population of mining industry investors attended the dinner.

“Our economy is the envy of the world. Our mining industry is the envy of the world. There's nowhere in the world you'd be better off investing. And there's nowhere in the world where mining has a stronger future,” Ms Gillard continued. “And this is Australia, and it has a Labor government.''


Click here to read the latest issue of Business Review Australia

Ms Gillard made a point to commend the hard work of the miners, but also promised to continue her “fight for Australia.”

“They own it and they deserve their share,” she said.

The promise comes one month before the carbon tax is scheduled to take effect, which will tax corporations $23 per tonne of carbon emissions, and a 30 per cent tax on large iron ore and coalmining profits.

Opposition leader Tony Abbott is still adamantly against the implementation of both taxes, but acknowledges that “there are measures associated with both the mining tax and the carbon tax that will be difficult to undo” should a Coalition government take power.


Featured Articles

Top 10 female executives leading Japan's charge for change

As Japan pledges a 30% target for women executives at big firms by 2030, we spotlight 10 female corporate leaders blazing a trail in the country

Top 10 most valuable unicorns in China – phones to drones

Home to the world’s most valuable unicorn, not to mention the fastest growing, China may be trailing the US on numbers, but it is catching up – and fast

Top 10 fastest-growing energy companies in the APAC region

Business Chief takes a look at the top 10 fastest-growing energy companies in the APAC region, according to rankings from S&P Global Commodity Insights

Top 10 Chief Financial Officers in India

Corporate Finance

Top 10 largest companies Malaysia and the CEOs who helm them

Leadership & Strategy

5 high-profile CEO moves across Asia-Pacific this month

Leadership & Strategy