Settlement of post-closure liabilities through the transfer of all interests in the Liddell coal mine
First written in FY2025-H1. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「Business performance for the current consolidated fiscal year declined year on year in revenue, operating profit, ordinary profit, and net income attributable to owners of the parent, following the end of the coal production and sales business with the fiscal year ended March 2024.」
Following the transfer of the interests in the Liddell coal mine, no provision for mine closure losses was recognized in the current fiscal year, reflecting the restructuring of the portfolio after the end of the coal business in the full-year results. - FY2025-H1First statedAnnual report
「Under this transfer, MMA will pay approximately A$27 million (approximately ¥2.7 billion) to Enex Liddell, and the liabilities incurred by MMA for rehabilitation and other work at the Liddell coal mine will be transferred to Glencore together with the interests in the Liddell coal mine. As a result, we expect to be able to substantially fix our future liabilities for rehabilitation and other work at the Liddell coal mine at approximately A$27 million, and to record the difference of approximately A$27 million from the approximately A$54 million provision already recorded as extraordinary income.」
The company expects that the transfer of all interests in the Liddell coal mine will effectively settle approximately A$54 million of provisions for post-closure liabilities at approximately A$27 million, with the approximately A$27 million difference recorded as extraordinary income. The transfer has not been completed because conditions precedent, including regulatory approvals, remain unmet.