BHP highlights economic contributions
QRC chief executive Ian Macfarlane said the report showed the company’s payments, including royalties, from its coal operations to the Queensland Government had increased by more than $100 million last financial year based on the current US dollar-Australian dollar exchange rate.
“These payments to the Queensland Government can be reinvested in services and infrastructure for all Queenslanders,” he said.
Mr Macfarlane said this contribution did not include the multi-million-dollar injection from BHP in the form of wages, purchases from suppliers and contributions to local councils across Queensland.
A BHP spokesman said the company had spent almost $318 million with small businesses across Queensland since its Local Buy program’s inception in 2012 – including $101.7 million last financial year.
“BHP is committed to creating prosperity for Queenslanders. In the last year we increased our payments to them by over $145 million (AUD) to $1.24 billion, through the taxes and royalties given to the Queensland Government,” he said.
“That’s enough to fund the healthcare budget for the Central Queensland region for two years.
“We also continue to support local business through our Local Buy program, spending over $100 million in the last year alone.”
The QRC is due to release an updated State-wide economic contribution report, detailing the resource sector’s impact across the regions, in November.