MANAGEMENT

BHP selling Daunia and Blackwater coal mines

THE Queensland government’s decision to arbitrarily hike coal royalties last year has been a contributing factor in BHP’s decision to sell its Daunia and Blackwater coal mines.

 BHP's Blackwater coal mine in Queensland.

BHP's Blackwater coal mine in Queensland.

BHP CEO  Mike Henry said the two mines would struggle to compete for capital under the company's global investment plans. "In Queensland, together with our joint venture partner, Mitsubishi Development...

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