Responsibility for Liddell coal mine rehabilitation costs
First written in FY2025-H1. 1 of 2 entries say "Mitigated", first in FY2025. Latest entry: FY2025.
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- FY2025MitigatedAnnual report
「To prepare for payments of mine closure costs following the end of mining at the Australian Liddell coal mine, a provision had been recorded at the end of the previous consolidated fiscal year based on estimated closure costs. However, following completion of the transfer of the interests in the Australian Liddell coal mine, no such costs were incurred in the current consolidated fiscal year.」
Following completion of the transfer of the interests in the Liddell coal mine, the ¥2,880 million provision for mine closure losses previously recorded had a zero balance in the current fiscal year, indicating progress in addressing the risk of post-closure cost burdens. - FY2025-H1First statedAnnual report
「This rehabilitation and related work will require substantial funding over a long period until completion, and the holder of the coal mine interests must bear the cost. To prepare for our future cost burden and liabilities for rehabilitation and related work at the Liddell coal mine, we recorded a total provision of approximately A$54 million (approximately ¥5.2 billion) as of the end of the fiscal year ended March 2024, based on the latest information.」
The company identified the risk that restoring the site after production ends will require a long period and substantial funding, and recorded a provision of approximately A$54 million at the end of the fiscal year ended March 2024. The future costs themselves have not yet been incurred.