Categories: Business

BHP flags 'difficult decisions' ahead for Australian metallurgical coal business

MELBOURNE (Reuters) -BHP Group said on Thursday it would be forced to take 'difficult decisions' for its metallurgical coal business in Australia if there were no regulatory changes to support it. "Without change, there's without doubt going to be more difficult decisions that are going to be made," CEO Mike Henry said at the miner's annual general meeting. BHP last month said it would suspend operations and cut 750 jobs at a Queensland coking coal mine it shares with a unit of Mitsubishi, blaming low prices and high state government royalties that have dented its returns. (Reporting by Melanie Burton in Melbourne and Renju Jose in Sydney; Editing by Himani Sarkar)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

EU threatens Meta with interim measure for blocking AI rivals from WhatsApp

BRUSSELS, Feb 9 (Reuters) - EU competition regulators on Monday charged Meta Platforms with breaching…

1 hour ago

Meta criticises EU antitrust move against WhatsApp block on AI rivals

BRUSSELS, Feb 9 (Reuters) - Meta Platforms on Monday criticised EU regulators after they charged…

1 hour ago

EU threatens Meta with interim measure for blocking AI rivals from WhatsApp

BRUSSELS, Feb 9 (Reuters) - EU competition regulators on Monday charged Meta Platforms with breaching…

1 hour ago

Novo Nordisk shares rise as Hims abandons $49 weight-loss pill

COPENHAGEN, Feb 9 (Reuters) - Novo Nordisk's shares jumped more than 8% on Monday after telehealth…

2 hours ago

Oil drops more than 1% as US-Iran talks ease supply worries

SINGAPORE, Feb 9 (Reuters) - Oil prices fell more than 1% on Monday as fears…

2 hours ago

Agilus Diwine Diagnostics Launches Mega Full Body Health Check-Up Offer at INR 2,299 in Mumbai

Mumbai (Maharashtra) [India], February 09:  Agilus Diwine Diagnostics, in association with Agilus (Dr. Phadke Labs,…

2 hours ago