Light dims on BHP's Queensland coal boom

BHP’s metallurgical coal mining costs in Australia are rising sharply, just as an African star is emerging. In a year or two, Queensland's great coal boom will be curtailed.

Underneath BHP Billiton’s 2012 profit is another disturbing development for the Australian minerals industry – we are in danger of pricing ourselves out of growth in the metallurgical coal market.

And so while South Australians are understandably very sad at what has happened at Olympic Dam, Queenslanders will discover in a year or two that their great coal boom is going to be curtailed, perhaps severely.

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