BHP flags big coal hit

BHP will write down the value of its New South Wales Energy Coal business next month by US$1.15-1.25 billion.

BHP flags big coal hit BHP flags big coal hit BHP flags big coal hit BHP flags big coal hit BHP flags big coal hit

BHP's Mt Arthur coal mine in the Hunter Valley, which makes up the NSW Energy Coal division

The company said the post-tax impairment related to property, plant and equipment, as well as recoverability of associated tax losses, resulting in net operating assets of $250-350 million.