Published: January 19, 2021
BHP quarterly update lists Hunter Valley mine as worth between $325m and $455m
BHP will slash its valuation of its Mount Arthur coalmine in New South Wales by at least $1.5bn after a dramatic fall in the price of thermal coal, which is burned to produce electricity.
The move will wipe out most of the book value of the Hunter Valley mine, leaving it worth between $325m and $455m, BHP said in a quarterly update on Wednesday.
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