Gregory mine to cease production

BHP Billiton Mitsubishi Alliance (BMA) has announced it will cease production at its Gregory open-cut mine, near Emerald, from October 10 this year.

BMA Asset President Stephen Dumble said the decision followed a continuing operational review of the Gregory Crinum operations, which determined that the Gregory open-cut mine production was no longer profitable in the current economic environment of falling prices, high costs and a strong Australian dollar.

"Therefore the only option available to the company was to cease production," Mr Dumble said.

The decision to cease production at Gregory is the latest in a number of BMA mining operations that have either been scaled back or put on indefinite hold in the Central Queensland area.

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Topics:  bhp billiton mitsubishi alliance closure mining

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