Reported about 6 hours ago
BHP has announced the suspension of operations and the loss of 750 jobs at its coking coal mine in Queensland, which it operates in partnership with Mitsubishi. The decision, effective November 2025, is attributed to low market prices and elevated government royalties that have affected profitability. Despite a strong medium-term demand for hard coking coal, BHP stated that maintaining operations under the current conditions is unsustainable. This decision follows a recent court ruling benefiting union workers, which has raised payroll significantly for some employees in the sector.
Source: YAHOO