Good morning
Reported this morning (17/09/25):
BHP will axe 750 jobs in its Queensland coal division in a response to weak coal prices and what it believes are high royalty rates in the state.
The Saraji South mine will be mothballed in November and BHP said it would also consider shutting the “FutureFit” academy that trains up newcomers, particularly women, to join the industry.
Mike Henry foreshadowed the Queensland division as being at risk of mine closures and job cuts at the August financial results.
The Queensland Labor government raised royalty rates in 2022 and the incumbent Liberal National government has refused to change them in this term.
Have a very nice day, today.
Kind regards
rcw1