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Brendon Grylls has conceded his seat of Pilbara. Photo: Attila Csaszar

Grylls concedes seat

The Nationals WA leader Brendon Grylls, who was the target of a $2 million mining industry advertising campaign, today conceded he's lost his seat of Pilbara to Labor's Kevin Michel.

"I can't come (back) from this," Mr Grylls told AAP.

He said he'd speak further about his loss next week, but now was "for the victor, not the loser".

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Comments

West Perth
As much as I dislike Brendon personally, his plan was reasonable, and the false information spread by the mining companies should be investigated. Mining doesn't mean jobs in this age of automation. A quick look at the numbers employed by the majors and the charting of FTE over the last five years demonstrates the "efficiencies" gained, principally through a reduction in headcount via the introduction of driverless trains, trucks and loaders. This is a trend that will continue as labour intensive exercises are replaced. Perhaps it is time that the incredible profits reported by these companies are assessed for contributions to the state considering they are mining resources that belong to the people of Western Australia. There is a reason why mining leases are granted, not mineral purchases.

I take my hat off to Brendon Grylls...a gutsy move on his part. His mining tax plan WAS reasonable and the media campaign against him was appalling. The Chamber of Minerals and Energy campaign was a low blow and relied on scare tactics and few facts. BHP and Rio Tinto contribute little to the Western Australian economy when you compare the volume of resources removed and what these Companies contribute back. The current deal was struck in the early 1960s, when State Parliament passed legislation to set a rental price for the Mount Goldsworthy project of two shillings and sixpence per tonne of ore mined. Over time, that became 25 cents per tonne, when the currency was decimalised, and was eventually applied to all projects. At the time the AVERAGE INCOME in Australia was $6,900, an new home would have cost you around $14,200 and fuel was approximately $0.32c/litre. Begins to put it into perspective, doesn't it!

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BHP Billiton (BHP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/17

1 year TSR5 year TSR
262ndBHP Billiton64%-2%
468thRio Tinto12%-1%
546thNational Australia Bank-0%12%
569thCommonwealth Bank-7%14%
634thWoolworths-19%-1%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
2nd-Rio Tinto$49,225.3m
3rd↓BHP Billiton$42,224.6m
4th-National Australia Bank$27,213.0m
5th-Commonwealth Bank$27,005.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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