fishini, on 17 June 2024 - 05:18 PM, said:
Individual pits lost money lots of pits made large profits and this constantly changed. My colliery was ?6m in profit when it was closed 3 months into the financial year. Swings and roundabouts
Correct... but the industry as a whole was losing money and couldnt sell what it made. When your pit made a profit, how was its revenue calculated, was it the actual sales price or was there some transfer price for inter pit / company transfers that gave a standard price for internal sales, and how was that calculated?
The reality is that the industry as a whole lost money so miners as a whole were being paid by the taxpayer...
Stay Home. Stay Safe.
Help
