Taxes and royalties
Mining company tax payments make up less than three cents in every dollar of government revenue on average. Over the last decade the mining industry paid $254 billion in tax, while total
government revenue reached almost $6.8 trillion.
The mining industry often conflates tax payments and mining royalties in its public relations materials. Royalties are not a tax; they are essentially a payment for the use of mineral resources that belong to the public. Describing royalties as a tax is like a builder describing the cost of the bricks they use as a tax.
It should also be noted that even if royalties are included, the mining industry’s contribution to Australia’s finances remains relatively small, comprising just 6% of total government revenue.