drill baby drill!
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Hangon, is that saying the government’s total payment for coal mining is only $3m a year?
Now I really want to know what BT Mining Ltd’s annual profits are while they dig up & sell our coal.
Very good question.
Bathurst reported $213m in export sales in the 2024 financial year, and internal reports said the company spent around $85 million on wages and $240 million on equipment, fuel and other practical expenses.
So a $325M cost of operation on $213M of export sales…what total sales?
Also
more than it collected in royalties for all coal mining nationwide the same year.
What are “royalties”; how are they distinct from tax?
Tax is collected on the company’s profits, royalty is collected on revenue.
