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The mining giant BHP Billiton said on September 10th that it will close its Gregory coal mine in Queensland, Australia from October 10th, due to sluggish coal prices, high input costs and appreciated Australian dollars.It's known that the Gregory coal mine is owned by the BHP Billiton Mitsubishi Alliance (BMA).It's analyzed that the sluggish coal and iron ore prices were caused by the slowdown economy in China, the world's largest consumer.