Queensland Threatens to Cancel BHP’s Coal Leases

Queensland Threatens to Cancel BHP’s Coal Leases
The company logo adorns the side of the BHP gobal headquarters in Melbourne, Australia on Feb. 21, 2023. William West/AFP via Getty Images
Updated:
0:00

Queensland Treasurer Cameron Dick threatened to cancel BHP’s coal mine leases if the mining giant stops investing in the state as the Palaszczuk government seeks to raise taxes on mining companies.

“What I would say, if BHP or any other company fails to meet their mining development obligation without genuine commercial reason, our government has the ability to cancel those leases,” Mr. Dick told The Australian.

Celene Ignacio
Celene Ignacio
Author
Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.
Related Topics