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BHP won't rule out more mine closures

FOLLOWING the Queensland government’s royalty hike, BHP Billiton has not ruled out closing more coal mines or deferring development on its $A1.6 billion Daunia and $2 billion Caval Ridge projects under construction in the Bowen Basin, says chairman Jac Nasser.

Lau Caruana
BHP won't rule out more mine closures

The cash-strapped state government this week surprised the industry by announcing it would lift the royalty rate for coal sold above $100 per tonne by 25% and would introduce a levy of 15% once the price...

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