Olympic Dam uranium mine king dethroned, but with obscene $75 million payout

Kloppers’ payout shows BHP can afford mining tax: Greens http://www.theage.com.au/national/kloppers-payout-shows-bhp-can-afford-mining-tax-greens-20130222-2ex3b.html, 23 Feb 13 Paddy Manning THE $75 million outgoing BHP Billiton chief executive Marius Kloppers will retire with is ”obscene”, says Australian Greens leader Christine Milne.

Mr Kloppers, who announced his retirement on Wednesday after almost six years at the top, will leave with a package of cash and shares almost equalling the $77 million BHP Billiton paid in mining tax in the second half of 2012. The tax raised a total of just $126 million in its first six months.

Senator Milne said it was ”obscene that Marius Kloppers exits BHP with $75 million and that the company paid only $2 million more to the mining tax when single parents have been forced below the poverty line to fill the budget gap”.

”The package makes a lie of the claims by these companies that they can’t afford to pay the mining tax,” Senator Milne said. ”If they have a spare $75 million to pay Marius Kloppers they have more than enough to pay the Australian community for resources that belong to us.”

February 23, 2013 - Posted by Christina Macpherson | Uncategorized

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