The mining industry has convinced Australians the sector employs nine times more workers and accounts for three times as much economic activity as it actually does, and that it is 30 per cent more Australian-owned than in reality, a report has found.
The Mining the Truth report by left-wing think tank the Australia Institute, to be released in Sydney today, is likely to further anger the mining industry and those living in boom states WA and Queensland, many of whom believe they are the target of populist government policies, such as mining and carbon taxes, and are being demonised by those in economically struggling NSW and Victoria.
The booming mining sector has resulted in a soaring Australian dollar, which has affected other industries, such as manufacturing and tourism. But in an attempt to counter the criticism and talk up structural changes occurring in Australia's economy, miners say they already pay high taxes and are investing billions of dollars in their local operations, and not just funnelling windfall profits offshore. Read More
the west.com.au
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