this post was submitted on 29 Jan 2025

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All of Govt's 2024 coal earnings spent treating damages at a single mine (newsroom.co.nz)

submitted 1 month ago by BalpeenHammer to c/politics

7 comments fedilink hide all child comments

drill baby drill!

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[–] absGeekNZ 2 points 1 month ago (4 children)

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?

[–] BalpeenHammer 3 points 1 month ago (1 children)

Tax is collected on the company's profits, royalty is collected on revenue.

[–] absGeekNZ 1 points 1 month ago

Thanks.

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