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

Dogs shown to have more nuanced grasp of human emotions than thought

Berlin (dpa) - That dogs can sense and sometimes respond to changes in human emotion…

24 minutes ago

Jury selection begins for ex-gang leader charged with Tupac Shakur's 1996 murder

By Erica Stapleton and Steve Gorman LAS VEGAS, Aug 10 (Reuters) - Jury selection began…

2 hours ago

Dogs shown to have more nuanced grasp of human emotions than thought

Berlin (dpa) - That dogs can sense and sometimes respond to changes in human emotion…

2 hours ago

Artificial sweeteners linked to faster memory and thinking decline

Washington (dpa) - A study published in the peer-reviewed journal Neurology, found that people who…

4 hours ago

Jury selection begins for ex-gang leader charged with Tupac Shakur's 1996 murder

By Erica Stapleton and Steve Gorman LAS VEGAS, Aug 10 (Reuters) - Jury selection began…

6 hours ago

Jury selection begins for ex-gang leader charged with Tupac Shakur's 1996 murder

By Erica Stapleton and Steve Gorman LAS VEGAS, Aug 10 (Reuters) - Jury selection began…

7 hours ago