BHP’S (BHP) BMA CUTS 750 JOBS, SUSPENDS OPERATIONS AT SARAJI SOUTH MINE
https://media.zenfs.com/en/insidermonkey.com/0755a7189e1bc8190b754aa134cbbcaf
✍️ BHP Group Limited, the world's largest diversified mining company, is cutting 750 jobs and suspending operations at its Saraji South coking coal mine in Queensland due to high state royalties and soft global coal prices.
👉 BHP Group Limited is cutting 750 jobs and suspending operations at its Saraji South coking coal mine in Queensland. 👉 The decision is attributed to high Queensland state royalties on coal sales and soft global coking coal prices. 👉 The company's President, Adam Lancey, stated that the decision was necessary due to the combined impact of the Queensland government's unsustainable coal royalties and market conditions. 👉 The Queensland government has reiterated that it will maintain the royalty regime and not consider lowering the charges.
-- #AdamLancey #Queensland #Australia #business
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