Mining company BHP Billiton’s whopping $10.5 billion profit for the second half of 2010 highlights the shameless greed of those making a fortune out of Australia’s valuable resources... Now BHP is on track to break an Australian record. Its profit for this financial year will likely be more than $20 billion. Rio Tinto and Xstrata have also announced huge profits.
The big corporations are always trying to convince us that high profits are good for everyone. The argument goes that the more they make, the more they’ll share around. But as the mining giants have shown, the more they make, the more they line their pockets. It’s true that some mining workers earn relatively high wages. But these wages, often for dangerous and difficult work, are peanuts compared with mining super-profits.The mining of our land is about to step up and we must fight them and show the truth - that this exploitation is for money and it is obscene.