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BHP to shut coal mine, cut 750 jobs
2025-09-17 13:17
- Australian mining giant BHP Group (NYSE:BHP) is set to shut down one of its coal mines that it runs with Japan’s Mitsubishi Corp. (OTCPK:MSBHF) and lay off roughly 750 workers as it struggles with soft coal prices and high royalty rates.
- According to several media reports, BHP will, from November, suspend the Saraji South mine, part of the Saraji Mine Complex run by BHP Mitsubishi Alliance.
- The BMA joint venture is Australia's largest exporter of steelmaking coal, which the companies ship mostly to mills across Asia.
- The company said that it is unsustainable for BMA to keep mining lower-margin areas of its pits under current conditions.
- BHP will also conduct a strategic review of the BHP FutureFit Academy in the city of Mackay.
More on BHP Group
- BHP: Future-Focused Mining Giant To Buy Now
- BHP Group: Supportive Production, But Heavy CAPEX Ahead, Still Neutral
- Canada says Anglo-Teck merger needs clearer benefits
- BHP to pay $72.5M to settle Samarco class action over 2015 dam collapse
- Seeking Alpha’s Quant Rating on BHP Group
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