BHP Mitsubishi Alliance (BMA) announced it will eliminate approximately 750 jobs across its operations in Queensland. The company cited high coal royalties imposed by the state government as a significant factor in this decision.

The Saraji South mine in Dysart will be temporarily closed starting in November. Adam Lancy, BMA's asset president, expressed regret over the job losses but emphasized the necessity of these actions due to the current economic climate.

"These are necessary decisions in the face of the combined impact of the Queensland government's unsustainable coal royalties and market conditions," Lancy stated. He further noted, "The simple fact is the Queensland coal industry is approaching a crisis point."

Lancy highlighted the broader implications of this situation, stating, "This is now having real impacts on regional jobs, communities, and small businesses." He acknowledged the uncertainty this creates for employees and local communities, assuring that the company would strive to provide support during this transition.

The job cuts reflect ongoing challenges in the coal industry, exacerbated by rising operational costs and fluctuating market demands. As the situation develops, BMA aims to navigate these difficulties while minimizing the impact on its workforce and the surrounding areas.