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International Railroad Discussion > Mining giant BHP ....Train derail cleanup bill.


Date: 01/21/19 20:49
Mining giant BHP ....Train derail cleanup bill.
Author: DKay

Looks like BHP's bottom line is going to take a hit this year.$600mill US for the derail cleanup and a couple other issues......https://www.msn.com/en-au/money/company-news/bhp-reveals-dollar838m-hit-from-runaway-train-other-unplanned-outages/ar-BBSyVvS?li=AAgfOd8&ocid=mailsignout



Date: 01/22/19 17:28
Re: Mining giant BHP ....Train derail cleanup bill.
Author: PHall

$600 million is nothing but a footnote to BHP.



Date: 01/23/19 11:44
Re: Mining giant BHP ....Train derail cleanup bill.
Author: Lackawanna484

PHall Wrote:
-------------------------------------------------------
> $600 million is nothing but a footnote to BHP.

Relatively speaking, that's true.  And, it's deductible.

The company is worth over a hundred billion dollars, and produces 12-15 billion of annual operating profit before all the adjustments are piled on
 



Date: 01/23/19 15:25
Re: Mining giant BHP ....Train derail cleanup bill.
Author: Ray_Murphy

I don't understand the accounting that makes the derailment of a 4-locomotive 268 car train of iron ore a $600 M USD expense.

Ray



Edited 1 time(s). Last edit at 01/23/19 15:26 by Ray_Murphy.



Date: 01/23/19 18:03
Re: Mining giant BHP ....Train derail cleanup bill.
Author: SOO6617

Ray_Murphy Wrote:
-------------------------------------------------------
> I don't understand the accounting that makes the
> derailment of a 4-locomotive 268 car train of iron
> ore a $600 M USD expense.

Add in track repairs and the loss of revenue while the track is out of service.



Date: 01/26/19 12:35
Re: Mining giant BHP ....Train derail cleanup bill.
Author: dsrc512

The cited article reports two other expenses are included, a mine fire in Chile and a mine "outage" in South Australia.
Alex Huff



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