BHP to Cut 750 Jobs Over Mining Royalties Woes in Queensland

‘The Queensland coal industry is approaching a crisis point,’ a BHP leader said.

Coal is stockpiled before being loaded on to ships at the RG Tanner Coal Terminal in Gladstone in Queensland, Australia on Jan. 20, 2012. AAP Image/Dave Hunt

Nationals Senator Matt Canavan has called for a review into the former Queensland Labor government’s requirements for mining royalties after claims BHP would cut 750 jobs.

The BHP Mitsubishi Alliance (BMA) is one of the state’s largest coal-mining entities, but has claimed that high mining royalties are negatively impacting profits.