Environmental News

Miners get $4b in direct subsidies says think tank

David Curtin - Wednesday, April 18, 2012

THE federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and railways, a report by the Australia Institute think tank said.

The biggest single subsidy passing from the general public to miners comes in the form of fuel-tax credits, formerly named the diesel fuel rebate, which were valued at $1.89 billion in 2009-10, the institute's report said.