April 11, 2012 / 4:32 AM / in 7 years

BHP says to close money-losing Norwich Park coal mine

SYDNEY, April 11 (Reuters) - BHP Billiton BLT.L> said on Wednesday it will cease production at its loss-making Norwich Park coal mine in Australia, citing low output, high costs and soft coal prices.

“Norwich Park mine has been losing money for several months,” a statement by BHP said.

The mine, yielding metallurgical coal used in steelmaking, is operated under a 50-50 partnership between BHP and Mitsubishi Corp.

Recent industrial action at the mine contributed to lower production, according to BHP. (Reporting by James Regan; Editing by Paul Tait)

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