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Newcastle Herald
Newcastle Herald
Business
Ian Kirkwood

HISTORICAL FACTS: Bhp records strong earnings from coal | History Defined

Mount Arthur made $US1.234 billion before income tax, depreciation and amortisation (EBITDA) in the six months to December 31, but BHP says state government intervention has put question marks over the company's coal mines.

BHP has used its half-yearly results to criticise the NSW and Queensland governments for their recent interventions into the coal market, saying it was now selling two Queensland mines as a result, and would not put any more "growth" capital into its Mount Arthur mine at Muswellbrook, which made it more than $US1.2 billion in the six months to December 31.

Overall, BHP's after-tax profit of $US6.457 billion was down 32 per cent on the previous corresponding period (to December 31, 2021) from revenues of $US25.713 billion, down 16 per cent.

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