BHP's (BHP) BMA Cuts 750 Jobs, Suspends Operations at Saraji South Mine

BHP Group Limited (NYSE:BHP) is one of the best performing ASX stocks in 2025. On September 16, BHP Mitsubishi Alliance (BMA) – a joint venture between BHP and Mitsubishi Development – said it will cut 750 jobs across Queensland. BMA will also suspend operations at the Saraji South coking coal mine. The joint venture will place the Saraji South site into care and maintenance, starting in November 2025, effectively halting active mining at that location. Of the 750 jobs, direct coal production jobs affected at Saraji South will number around 72. The remainder impacts corporate and broader support staff across Queensland operations.

BMA attributes its decision to two key factors: high Queensland state royalties on coal sales and soft global coking coal prices. The company’s President, Adam Lancey, stated the decision was “necessary” due to the combined impact of “the Queensland government’s unsustainable coal royalties and market conditions.” He added, “As joint owners of BMA, BHP and Mitsubishi Development regret the necessity of pausing operations and the resulting job losses, but these decisions are vital”. The Queensland government recently reiterated that it would maintain the royalty regime and not consider lowering the charges.

BHP Group Limited (NYSE:BHP) is the world’s largest diversified mining company. It produces iron ore, copper, coal, and nickel, with major operations in Australia and the Americas.

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Disclosure: None. This article is originally published at Insider Monkey.