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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 |