BHP writes down NSWEC as wet weather hampers met coal production

WET weather events and unplanned maintenance reduced BHP’s metallurgical coal production by 5%. The company also decided to recognise an impairment charge of between US$1.15 billion and $1.25 billion in relation its NSW Energy Corporation thermal coal operations.

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BHP writes down NSWEC as wet weather hampers met coal production BHP writes down NSWEC as wet weather hampers met coal production BHP writes down NSWEC as wet weather hampers met coal production BHP writes down NSWEC as wet weather hampers met coal production BHP writes down NSWEC as wet weather hampers met coal production

NSWEC production decreased 7% to 6.9 Mt.

The company said the charge reflected market conditions for Australian thermal coal, the strengthening Australian dollar, changes to the mine plan at Mount Arthur in New South Wales and updated