this post was submitted on 29 Jan 2025
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drill baby drill!

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[–] absGeekNZ 2 points 1 day 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?

[–] RecallMadness 1 points 21 hours ago

Equipment costs might (probably?) be amortised over time, but still requires upfront expenditure.

Unless it’s a load of gloves. I always lose gloves.

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