BHP flags more coal cuts

New coal chief says existing cuts not enough to remain competitive.

BHP Billiton’s (BHP) new coal chief Dean Dalla Valle has flagged further cuts at the company's Queensland coking coal unit, according to The Australian.

Mr Dalla Valle's comments came at the opening of the $US1.4 billion ($A1.5 billion) Daunia coking coalmine, which came in well under budget and four months ahead of schedule.

However, he said that measures already taken to cut costs and boost efficiency are not enough to ensure long-term competitiveness.

“We've got more to go,” he said, according to The Australian.

“We have to reset the cost base of this business to remain competitive for the long term.”

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