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BHP to cut 750 jobs and close Queensland’s Saraji South coal mine in Nov. 2025, citing unsustainable royalties.
BHP Group, the world’s largest miner, plans to cut 750 jobs and suspend operations at its Saraji South coal mine in Queensland’s Bowen Basin starting November 2025.
The company cites Queensland’s progressive coal royalty scheme—introduced in 2022 and set to last until 2029–30—as a key factor, calling it unsustainable and damaging to business returns.
BHP also announced a strategic review of its Mackay training academy.
The Queensland government has refused to alter the royalty regime, which takes a larger share when coal prices rise.
Despite strong global demand for coking coal, BHP said low-margin operations are no longer viable under current conditions.
The move has drawn criticism from industry groups concerned about investment and regional economic impacts.
BHP recortará 750 empleos y cerrará la mina de carbón Saraji South en Queensland en noviembre de 2025, citando regalías insostenibles.