ESG

Industry slams Grylls tax plan

A reported plan by Brendon Grylls to introduce a tax on BHP Billiton and Rio Tinto is strongly op...

Kristie Batten

This article is 9 years old. Images might not display.

Grylls, the former leader of Western Australia’s National Party, is said to be challenging current leader Terry Redman today for his old job.

At the centre of his comeback plan is reportedly a $A5 per tonne mining tax on BHP and Rio.

According to reports, the tax would not apply to rival miners like Fortescue Metals Group or Roy Hill Holdings.

Chamber of Minerals and Energy of WA CEO Reg Howard-Smith said the royalty would be bad news for WA.

“While Mr Grylls’ short-sighted plan to tax BHP Billiton and Rio Tinto is only in its infancy, any suggestion it would become a future policy of the National Party is strongly opposed by CME and the resources sector,” he said.

“Not only would the plan be detrimental to Western Australia’s international economic standing but competitors would revel in the news.”

Rio did not respond to requests for comment, and BHP had no comment.

However, a BHP spokesperson noted that the miner had made a significant investment in WA.

“To ensure our business remains globally competitive, a stable and predictable tax regime is critical. 

“We appreciate the stable and consistent investment environment the Western Australian government has offered over many decades.”

The leadership challenge is due to occur today.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.