Australian coal stocks rise after BHP halts Queensland ops

Whitehaven Coal

17/09/2025 04:34

** Australian coal miners rise after BHP BHP.AX announces plans to suspend operations at its Queensland coking coal mine due to low prices, high state government royalties

** Whitehaven Coal WHC.AX gains 5.5%; top gainer on ASX 200 index .AXJO; Stanmore Resources SMR.AX advances ~3%

** Yancoal Australia YAL.AX adds as much as 3.5% to A$5.6, highest in nearly a month

** WHC, SMR hit more than two-week high earlier in session

** Morningstar equity analyst Jon Mills says BHP's decision potentially reduces current oversupply in metallurgical coal market, likely supporting prices

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.Kumar@thomsonreuters.com))