Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  BHP Billiton Limited    BHP   AU000000BHP4

End-of-day quote. End-of-day quote  - 08/24
21.42 AUD   +1.61%
08/23 BHP launches Shanghai app hub
08/19 BHP launches Shanghai app hub
08/18DJWoodside 1st Half Profit Halves on Weaker Energy Prices
News SummaryMost relevantAll newsSector news 

Australian Budget Boosts Tax Take From Miners, Carbon Emitters

share with twitter share with LinkedIn share with facebook
share via e-mail
05/08/2012 | 11:48am CEST

A mining boom has helped Australia avoid the worst of the global financial crisis but the government is now targeting big miners, such as BHP Billiton Ltd. (BHP) and Rio Tinto Ltd. (RIO), to help improve its budget position.

But Treasurer Wayne Swan is imposing sharp cost increases for these companies at a time when economic growth is slowing in both the U.S. and China, the world's two biggest economies, and amidst concerns about the fragile European economy and the future of member states' austerity packages.

Many companies and industry lobbies have warned that these measures threaten future investment and could throttle the goose that has laid Australia's golden egg.

In particular, the government is using a big increase in resource tax and receipts from a new carbon tax to swing the government's budget to a modest surplus of A$1.5 billion (A$1=US$1.01) next fiscal year starting July 1.

Receipts from resource rent tax are expected to grow substantially in 2012-13 reflecting the introduction of a mineral resources rent tax.

Total revenue from these taxes on resources will more than quadruple next fiscal year to A$7.16 billion from A$1.51 billion this fiscal year. Revenue from this source in 2013-14 will rise to A$8.19 billion then fall to A$7.38 billion in the year after, according to the government's budget papers.

Net receipts from the mineral resources rent tax are estimated at A$3.0 billion next year, then in subsequent years A$3.5 billion, A$3.2 billion and A$3.7 billion.

Over the forward years, revenue from resources taxes are expected to reflect the projected changes in the commodity price cycle and some additional oil fields coming on stream and paying the petroleum resource rent tax, the budget said.

The government's budget also includes receipts from the introduction on July 1 of a tax on Australia's biggest carbon dioxide emitters.

The budget estimates revenue from the carbon tax next fiscal year at A$4.02 billion, and in subsequent years at A$6.61 billion, A$7.31 billion and A$6.72 billion.

-By Ray Brindal; ray.brindal@dowjones.com; 61 (2) 6208 0902

share with twitter share with LinkedIn share with facebook
share via e-mail
08/23 BHP launches Shanghai app hub
08/19 BHP launches Shanghai app hub
08/18DJWoodside 1st Half Profit Halves on Weaker Energy Prices
08/17 BHP BILLITON : Record pounds sterling 4.9bn loss at world's biggest miner
08/17 BHP BILLITON : posts worst full-year US$6.4b loss
08/17 BHP BILLITON : Miner suffers worst-ever loss
08/17DJBHP Slides to Big Full-Year Loss -- WSJ
08/17 BHP BILLITON : Samarco dam disaster pushes BHP to huge loss
08/16DJBHP CEO Says Prepared to Mothball Jansen Project
08/16 BHP BILLITON : Mining Giant BHP Billiton Reports Net Loss Of $6.4bn For 2016
More news
Sector news : Integrated Mining
08/23 FTSE buoyed by resilient Persimmon
08/22 Weaker commodity-related stocks push FTSE to two-week low
08/18 FTSE edges up, helped by miner rally
08/18DJFresnillo Says First Phase of San Julian Mine Now Operational
08/17DJBHP Slides to Big Full-Year Loss -- WSJ
More sector news : Integrated Mining
News from SeekingAlpha
08/23 Iron ore prices headed for sharp drop, Citigroup says
08/23 BHP Billiton upgraded to Buy from Hold at Jefferies
08/23 VALE : A Long-Term Winner
08/18 BHP Billiton Limited FY 2016 - Results - Earnings Call Slides
08/18 BHP Billiton's (BHP) CEO Andrew Mackenzie On FY 2016 Results - Earnings Call ..
Financials ($)
Sales 2017 32 723 M
EBIT 2017 6 046 M
Net income 2017 3 293 M
Debt 2017 22 201 M
Yield 2017 2,07%
P/E ratio 2017 27,49
P/E ratio 2018 18,16
EV / Sales 2017 3,17x
EV / Sales 2018 2,79x
Capitalization 81 469 M
More Financials
Duration : Period :
BHP Billiton Limited Technical Analysis Chart | BHP | AU000000BHP4 | 4-Traders
Full-screen chart
Technical analysis trends BHP BILLITON LIMITED
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 19
Average target price 17,1 $
Spread / Average Target 6,2%
Consensus details
EPS Revisions
More Estimates Revisions
Andrew Mackenzie CEO & Non-Independent Executive Director
Jacques A. Nasser Chairman
Peter Beaven Chief Financial Officer
John Michael Schubert Independent Non-Executive Director
Wayne William Murdy Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BHP BILLITON PLC38.55%81 469
RIO TINTO PLC23.57%60 093
GRUPO MEXICO S.A. DE C..31.23%20 063
FRESNILLO PLC159.32%17 774
More Results