BHP Begins Review to Rank Unprofitable Australian Coal Mines

BHP Group and Mitsubishi Development Pty Ltd. have launched a review process to rank the financial health of their coal mines and assets in Queensland after raising concerns about the Australian state’s royalty regime.

The 50:50 stakeholders in the BHP Mitsubishi Alliance are reviewing each underground and open-cut mine and ranking their costs and financial health against each other, according to people within the joint venture who asked not to be named because the process is not public.