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Royalties deal impacts BHP's profit

The royalty agreement reached by the state government with mining giants Rio Tinto and BHP Billiton has reduced BHP's underlying profit by US$126 million.

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Perth
So Barnet thinks any additional tax on mining by the Commonwealth is inconceivable but is very willing to impose an increased State royalty that has cost BHP about $A 150mil ($USA 126 mil). Isnt that a little hypocritical?

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BHP Billiton (BHP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
254thBHP Billiton27%5%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-BHP Billiton$59,376.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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