Why is BHP cutting jobs in Queensland?

BHP is cutting 750 jobs in Queensland due to the closure of its Saraji South coking coal mine. The decision comes as a result of declining coal prices and increased royalties from the Queensland government, making the mine financially unfeasible.

How has BHP's stock been affected by the job cuts?

BHP's stock dropped by 1.74% to $53.17 following the announcement of the job cuts and mine closure. This reflects market concerns over the company's near-term financial outlook and the broader challenges within the coal sector.

What are the market sentiments surrounding BHP after the announcement?

Market sentiments are cautious, with analysts maintaining a hold consensus. The volatility in the coal industry and regulatory pressures continue to influence investor perspectives on BHP.

What support is BHP offering to affected workers?

BHP has committed to providing transition support programs for the 750 affected workers. The company aims to assist them in finding new employment opportunities or retraining for future roles.

What future strategies is BHP considering?

BHP is focusing on optimizing existing operations and exploring sustainable energy and diversification opportunities. The company is keen on adjusting its strategies to meet the challenges of the evolving energy market.

Global Market Insights

BHP News Today: BHP to Cut 750 Jobs Amid Queensland Coal Mine Closure

ByHuzaifa Zahoor September 18, 2025

BHP Group has announced the suspension of operations at its Saraji South coking coal mine in Queensland, leading to the termination of 750 jobs. This development stems from declining coal prices and increased royalties from the Queensland government, rendering the mine financially unsustainable. The decision has triggered market reactions and drawn attention to the volatility in the coal sector, impacting BHP’s stock performance.