Over 39,000 people were working in Queensland’s coal industry in the last quarter of 2020.

Company has trimmed its production guidance for diamonds in 2021 owing to ongoing operational challenges.

Australia has managed to ship more coal to other regional consumers, such as India, Vietnam and Thailand.

Company is cutting an increasingly isolated figure as a major coal miner as one by one its biggest rivals look to abandon the most polluting fuel.

The move would block the sale of new mining and drilling rights across some 700 million acres.

President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of US commodities.

Company said expected returns from the project in Queensland do not currently support the allocation of capital.

Biden’s first executive actions to move quickly to tackle climate change have raised questions over the ability of administrations to transform the US energy system.