BHP paid A$34.1bn to Australia in 2021
PERTH (miningweekly.com) – Mining major BHP on Wednesday unveiled that it had contributed $34.1-billion to the Australian economy in the 2021 financial year.
The total contribution to Australia comprises $12.4-billion in tax, royalty and other payments to governments, $11.1-billion of spending with suppliers, $6-billion in dividends and interest, $4.5-billion in employee wages, and $100-million in community investment projects.
“The past 18 months have thrown unprecedented challenges at all Australians, and we know many in the community are doing it tough,” said BHP president Minerals Australia Edgar Basto.
“It is through the commitment of our people, and the support of governments, communities, suppliers and traditional owners, that we have been able to keep operating safely through the pandemic. We are grateful for their support and the contribution that our continued operation has been able to make to the broader Australian economy during this time.
“We are determined to keep playing our part in supporting regional communities and the national economy through jobs, skills, supplier opportunities and social investments.”
BHP CFO David Lamont said on Wednesday that the company was proud of the role it plays in Australia’s economy through its operations and exports.
“BHP will continue to invest in Australian regional jobs, businesses and communities, and we hope our ongoing work with mining equipment, technology and services sector companies and seven-day payment terms for small, local and Indigenous businesses will create further opportunities, particularly in regional areas.”
Over the past decade, BHP has paid $80.3-billion in taxes, royalties and other payments to governments in Australia. In the 2021 financial year, BHP’s adjusted effective tax rate in Australia was 41.4% including royalties.
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