New research shows that the mining industry is dominated by foreign corporate interests that are spending hundreds of millions of dollars influencing our political process.
The report finds that:
- Total revenue of mining lobby groups over the last 10 years is $524,150,431, with the Minerals Council of Australia accounting for $203,132,666 of this
- Mining lobby groups are dominated by foreign owned interests, with foreign companies holding 5 out of 10 positions on the Minerals Council board and 7 out of 12 on the Queensland Resources Council board
- Mining industry spending on lobbying has cost taxpayers at least $157.2 million over the decade
- Mining lobby group revenue is increasing over time, and peaked in 2011-12 at $90.4 million, coinciding with the Minerals Resource Rent Tax debate