11 Sep 2012

Another mine closure in Australia

6:02 am on 11 September 2012

BHP Billiton has added to a wave of closures in Australia by closing a coalmine in central Queensland.

The Gregory mine - a joint venture with Mitsubishi of Japan - will cease production from 10 October.

The BMA company said on Monday that Gregory's open-cut operations are no longer profitable given falling coal prices, rising costs and the high Australian dollar.

Earlier, Xstrata said it was cutting about 600 jobs around the country.

The Gregory mine has been in operation since 1979.

BMA says it will review its other operations to ensure they remain profitable across the price cycle.