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Rio Tinto is enjoying strong gross margins, presenting it with a PR challenge in its campaign against the Nationals’ tax plan.

Victims of their own success

For evidence that success can sometimes damage a business we need look no further than the political games playing out ahead of next year’s state election, with the very real chance Western Australia’s biggest iron ore miners will be hit by a $5 per tonne penalty tax because they’re too successful.

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Yes very successful, at cutting Contractors wages by 40% in two years, and killing 29 people world wide. It's really unfair to ask them to put money back into W.A. after 30 years of doing what ever they want, getting their own way, and making their shareholders rich.

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BHP Billiton (BHP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
210thBHP Billiton52%8%
722 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$50,729.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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