BMA earnings drop, return on capital hits zero
BHP Mitsubishi Alliance (BMA) has reported a challenging first half for the 2026 financial year, with a key executive warning of the 'real headwind' created by Queensland's royalties regime.
Underlying earnings fell 34 per cent despite the metallurgical coal business maintaining solid production volumes from its Central Queensland operations, while the underlying return on capital employed was listed as 0 per cent.
While this was partly down to lower coal prices, BHP chief financial officer Vandita Pant said Queensland's royalty regime was equally to blame.
BMA backing bears fruit in latest graduate crop
A record 19 BHP Mitsubishi Alliance (BMA) scholarship recipients graduated from CQUniversity Rockhampton last week.
They are ready to step into careers to help regional healthcare, agricultural productivity, emergency response and community wellbeing across Central Queensland and beyond.
CQUniversity deputy director, philanthropy and social impact Francois Gallais said the university was proud to have partnered with BMA and BHP for more than a decade, supporting hundreds of regional students through scholarships.
“Scholarships don’t just fund education, they fuel confidence, opportunity and a sense of belonging for students who might otherwise hesitate to take that leap," he said.
“Congratulations to. . .
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BMA wheels out support for Isaac universities centre
Coalfield giant BHP Mitsubishi Alliance (BMA) has backed the Isaac Region’s Country Universities Centre (CUC) by donating a car in the first industry partnership with the organisation.
The BMA-sponsored vehicle allows staff to cover the region’s 58,000sq km for community engagement, promotions, career expos, and education events.
"With the Moranbah CUC up and running, we are on the road quite a bit as we work towards opening a centre in Clermont," . . .
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Anglo joins BMA with news from the coal chopping block
Anglo American has revealed its own Queensland coal workforce cuts after news BHP Mitsubishi Alliance (BMA) is axing about 750 roles across the state.
More than 200 jobs are understood to have been impacted, most Brisbane-based roles, and the company this week kicked off a voluntary redundancy expression of interest process with workers at the Grosvenor operation near Moranbah.
"We’ve undertaken a comprehensive review of our organisational structure to ensure the long-term sustainability of our business," Anglo American Australia vice president people and corporate relations Ben Mansour said.
"Our focus is on supporting safe, core operations and. . .
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Unions backhand BMA over coal job cuts
The Mining and Energy Union has accused BHP Mitsubishi Alliance of using coal workers and communities as pawns in its royalties row after today's announcement on job cuts.
Workers at the Saraji South site were shocked to be told early this morning that BMA would put the mine into care and maintenance in November, the union said.
At this stage there were 72 coal production jobs affected by the Saraji South announcement and BMA had committed to working towards redeployment where possible, MEU Queensland president Mitch Hughes said.
He said also the 750 job cuts that BMA had announced. . .
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BMA axing 750 jobs in face of coal industry ‘crisis point’
BHP Mitsubishi Alliance (BMA) has announced it is axing about 750 roles across Queensland and plans to mothball its Saraji South operation from November.
BMA, the largest private sector employer in Central Queensland, blames the 'unsustainable impact' of the Queensland Government’s coal royalties on business returns as poor market conditions take their toll.
BMA asset president Adam Lancey said the simple fact was the Queensland coal industry was approaching a crisis point.
“As joint owners of BMA, BHP and Mitsubishi Development do not want to see operations paused or jobs lost, but these are necessary decisions in. . .
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BMA leader in rescue call for Queensland coal
BHP Mitsubishi Alliance's head of operations has called on community members to highlight the impact of heavy coal royalties with their local MP, family, friends, neighbours and colleagues.
Mariette Bylsma (pictured above) told an event in Mackay at the weekend that BMA paid eight times more in taxes and royalties than it made in profit last financial year.
"Help share the message that fixing this issue isn’t just about coal – it’s about every business and every community that depends on it," she said during her speech at the BMA CQ Rescue Gala. . . .
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BUMA secures BMA contract extension
BUMA Australia has snagged a contract extension from BHP Mitsubishi Alliance to continue providing mining services at the Goonyella Riverside coal mine.
The two-year agreement extends BUMA Australia’s operations at the site through to September 2027.
“This contract extension highlights our longstanding relationship with BMA and the deep trust we have built together with its joint venture partners," BUMA Australia chief executive officer Johan Ballot said.
"It marks another important milestone in our growth journey and reinforces our commitment to delivering safe, high-quality outcomes, further solidifying our reputation as a trusted mining services provider in Australia.”
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BMA coal operations weather the storm
BMA's Central Queensland coal mines were able to record a 5 per cent lift in production for the nine months to March 31 despite the highest rainfall wet season the area has seen in more than a decade.
With a year-to-date total of 25.7 million tonnes produced across the operations, the group is still expected to meet guidance of 33-38Mt for the year, albeit within the lower end of the range.
BHP chief executive officer Mike Henry said strong performance across the BMA's open-cut mines saw it achieve the slight lift in production. . .
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Scaffold service secures $60m-plus BMA contract
MI Scaffold has secured a $60 million-plus contract for work at BHP Mitsubishi Alliance's Bowen Basin coal mines and Hay Point coal terminal.
Parent company Acrow said the contract renewal for MI Scaffold had an initial term of three years, with an additional one-year extension option.
The agreement guaranteed a baseline revenue of about $15 million per annum, with scope to increase the baseline revenue by up to $4 million per annum, it said.
“Securing this contract renewal with a blue-chip organisation like BMA is a strong endorsement. . .
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BMA in anti-corrosion solution field trial with Sparc
BHP Mitsubishi Alliance (BMA) will trial an anti-corrosive coating at the Goonyella Riverside mine coal handling and processing plant in an agreement with Sparc Technologies.
Sparc and BMA will conduct a collaborative field trial involving testing of the ecosparc product, which is also the subject of field trials with the South Australian Department of Infrastructure and Transport, 29Metals and Santos.
“Sparc is very pleased to be working with BHP Mitsubishi Alliance, Australia’s largest producer and supplier of seaborne metallurgical coal, to complete field trials of ecosparc enhanced coating in its. . .
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BMA report details truckloads of contributions
Major Bowen Basin coal player BHP Mitsubishi Alliance (BMA) spent $8.1 billion with suppliers in the 2024 financial year, including more than $1.6 billion spent with 950 local suppliers.
It also forked out more than $4 billion to the Queensland Government in royalties and contributed 9 per cent of all government revenue (excluding grants) in the state.
The figures are drawn from the BHP/BMA Community Contribution Report for Queensland, which also highlights a $11.9 million 'social investment' spend.
This covers a raft of education and training, environmental, Indigenous economic development and health and wellbeing projects.
“The. . .
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BMA takes a shot at fostering netball talent
BHP Mitsubishi Alliance (BMA) is helping talented young netball players in the regions chase their sporting dreams.
The Queensland coal mining heavyweight has been announced as foundation partner for the Queensland Firebirds Futures Academy (QFFA).
The QFFA supports athletes who are Nationally Categorised or selected in Queensland’s 17/U and 19/U squads for the National Netball Championships, as well as the Firebirds Futures team in Super Netball Reserves.
Established in south-east Queensland and now with regional branches in Cairns, Townsville, Mackay and Rockhampton, the QFFA allows talented players to develop within their hometowns.
Rockhampton product and Firebird. . .
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BMA seals agreement with Traditional Owners group
BHP Mitsubishi Alliance has entered into a Native Title Project Agreement with the Barada Barna Aboriginal Corporation for operations including Broadmeadow, Caval Ridge, Goonyella Riverside Peak Downs and Saraji mines.
BHP said the agreement set a new path forward in the relationship between BMA and the Barada Barna people, providing intergenerational benefit to the Traditional Owners of the land where the miner operates.
“The agreement recognises the Barada Barna peoples’ sacred connection to this land and the surrounding waterways, and it outlines a path forward for a relationship based on trust, respect and mutual benefit," BMA asset. . .
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BMA boss berates government for a lost legacy
A senior leader of one of the world’s largest metallurgical coal producing houses says Queensland is in danger of sitting back on its position as the lucky state in the lucky country.
The state had among the largest reserves of the world's best quality coal which is used in a 75 per cent ratio for every tonne of steel produced, BHP Mitsubishi Alliance asset president Adam Lancey told the Queensland Resources Media Club in a recent address.
The coal reserves are shallow in most. . .
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Report reveals $4.2bn royalty sting for BMA
Major Queensland coal player BHP Mitsubishi Alliance (BMA) forked out $4.2 billion in royalties last financial year and is voicing further warnings on the risks government policies are placing on mining investment.
BMA's Bowen Basin mining operations are estimated to have contributed 9 per cent of all State Government revenue excluding grants (through GST) last financial year.
The figures were revealed as BHP released its 2024 Economic Contribution Report, showing the miner contributed more than $50 billion in economic value to Australia for the year.
Related: . . .
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