Original article by Nick Evans, Perry Williams
The Australian – Page: 2 : 20-Jan-23

BHP’s production report for the December quarter shows that it expects each tonne of coal produced at its Mt Arthur mine in NSW to cost up to $US91 ($132) per tonne in 2022-23. This compares with the price cap of $125 per tonne that the state government has imposed on thermal coal that is supplied to the Liddell and Bayswater power stations. BHP may be forced to supply up to 1.5 million tonne of coal at cost to the power stations under the state government’s domestic coal reservation policy. The existing policy implemented in late 2022 applied to a small number of thermal coal producers, but it will be broadened to include major producers such as BHP and Whitehaven Coal.

CORPORATES
BHP GROUP LIMITED – ASX BHP, WHITEHAVEN COAL LIMITED – ASX WHC