Business

'Force majeure' on BMA operations

BHP Billiton has warned ongoing union action could affect its profits and coal exports in its latest announcements released on Wednesday.

The mining giant has had seven coal operations in Central Queensland mired in an industrial relations dispute with a trio of mining unions for 16 months, with work grinding to a halt or restarting with little notice.

Its nine-month production report showed it to have increased coal production by 10 per cent compared to the same time last year when much of Queensland was inundated

The sites were exporting 14 per cent less coal compared to late last year as strikes and poor weather again hindered its operations.

In the past 12 months, BHP has exported 25 million tonnes of coking coal from the seven mines.

Both the union action and violent weather forced the company to impose a "force majeure" on its BMA operations.

The force majeure allows the company to not meet buyer contracts when it is affected by issues outside its control.

The report explains that union action had "severely depleted" its coal inventories, risking exports.

It found, "The extent to which industrial action will continue to affect production sales and unit costs is difficult to predict.

"However with inventories severely depleted, the impact on future quarters may be significant.

"Force majeure was declared across all BMA sites in April 2012 and remains in place."

Topics:  bhp billiton bma



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Brisbane Heat into the WBBL semi-finals

Heat players celebrate.

Beth Mooney smashed 12 fours and one six in her run.

Bushrangers emerge victorious over Brothers

\"A\" Grade cricket - Tigers (batting) V. Past Grammars (fielding). Curtis Hare bowling from the northern end.

The Bushrangers remain undefeated this season.

Man airlifted after bike accident near Tin Can Bay

A man in his early sixties was airlifted to Nambour Hospital after a motocross accident near Tin Can Bay on Sunday morning.

The man remains in a stable condition.

Local Partners

Jennifer Aniston wants to return to TV

Jennifer Aniston is desperate to make a return to TV

Madonna hopes for election unity

Madonna hopes Donald Trump's election will "bring people together"

JK Rowling rules out Cursed Child trilogy

JK Rowling has ruled out a 'Cursed Child' movie trilogy

Buckley's chance in psychological thriller

James McAvoy and Betty Buckley in a scene from the movie Split.

Broadway veteran back on big screen with James McAvoy

Daniel MacPherson: acting’s a bit like channel surfing

Australian actor Daniel MacPherson in a scene from the American TV series APB.

THE Aussie export talks about making his mark in the US.

Shopping isn't fun if you can see dead people

Lisa Marie Woodham will be giving readings in Gladstone until Saturday January 21.

Shopping isn't fun if you can see dead people

First home buyers the "lifeblood” of Fraser Coast market

CoreLogic property statistics reveal the region's median house price of $300,000 did not change in the September quarter.

Median house price of $300,000 remains steady in September quarter

By the water's edge

Secure your seachange

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Ready to SELL your property?

Post Your Ad Here!