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BHP begins review to rank unprofitable Australian coal mines
BHP and Mitsubishi Development Pty Ltd. are reviewing the financial health of their coal mines and assets in Queensland due to concerns over Australia’s royalty regime. The joint venture partners are ranking each mine based on costs and financial health, after the Queensland mines reportedly returned no profit to BHP in the last six months of 2025. BHP has previously stated that the royalties, particularly the tiered system implemented in 2022, have made their operations unprofitable and declared there would be “zero” new capital investment in the state’s coal business.