The resources in Australia are owned by Australian citizens, not the mining companies which extract them.

By Andrew Mackinnon

The resources in Australia, such as coal, iron ore and natural gas, are owned by the Australian federal government on behalf of Australian citizens, not the mining companies which extract them.

The ownership of these resources by the Australian federal government on behalf of Australian citizens is a separate concept from the cost of mining companies extracting these resources, which cannot be avoided if these resources are going to be utilised. Read more...