BHP has revealed it will cut 750 jobs from its Queensland operations, with the global mining giant blaming the state government’s coal royalties regime for edging the market towards “crisis point”.

The world’s biggest mining company has been vocal in lobbying Queensland to ditch its tax settings on the industry, which was overhauled by the former Labor government in 2022.

The current Crisafulli government has repeatedly said it would not amend the royalties regime, which has faced intense and continued scrutiny from the coal industry.

BHP had warned the royalties hike had deteriorated its operational prospects in Queensland and on Wednesday morning told workers and the market it was suspending low-margin operations.

The company’s Mitsubishi Alliance (BMA) in Central Queensland will cut

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