The company announced a reduction of 290 jobs at their Muswellbrook site in the Hunter Valley.
According to an ABC News report, BHP’s NSW Energy Coal asset president James Palmer said the changes were essential in enabling the mine to be commercially viable.
“Despite extensive work over the past two years to reset our production costs and safely improve the mine’s productivity, Mount Arthur Coal must continue to significantly improve performance to be a globally competitive operation,” he said.
“This decision was not taken lightly because we understand it will have a range of impacts on our workforce, their families and the local community.
“However, the changes will put Mount Arthur Coal on a more sustainable footing for the future. It is a tough time for the coal industry but, here at Mount Arthur Coal, we’ve got a tier one resource — we believe this will leave Mount Arthur Coal on a much stronger footing.”
The news comes after the mining giant revealed a significant loss for the six months to the end of December last year.
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