Massive price increases in thermal coal allowed BHP to earn $1.4 billion from Mount Arthur in six months, the half-year report shows

Ian Kirkwood
Updated February 17 2022 - 5:02pm, first published 6:00am
PROFITS: BHP has begun selling most of its coal assets, and the Mount Arthur mine, pictured, is "under review". Even so, coal has contributed strongly to its latest earnings results. Picture: BHP
PROFITS: BHP has begun selling most of its coal assets, and the Mount Arthur mine, pictured, is "under review". Even so, coal has contributed strongly to its latest earnings results. Picture: BHP

MOUNT Arthur open-cut coalmine at Muswellbrook generated more than $US1 billion ($1.4 billion) in revenues for the six months to December 31 as owner BHP benefited from "all-time high" prices and "very strong demand" for power station coal.

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Ian Kirkwood

Ian Kirkwood

Journalist

Reporting journalist at the Newcastle Herald since 1987. Editorial writer, general reporter, industrial relations, industry and coal.

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