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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. 

 

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