Uranium to bring jobs, export boom back to Australia’s mining industry — report
A study commissioned by the Minerals Council of Australia shows the economic benefit from the sector could increase tenfold to $9.5 billion.
A study commissioned by the Minerals Council of Australia shows the economic benefit from the sector could increase tenfold to $9.5 billion.
Newly-appointed mines minister Mosebenzi Zwane said the government would challenge job cuts sweeping across the mining industry.
It also revised its guidance for 2015 down, saying sales and revenues for the year are now expected to be about $48 billion—$1 billion lower than the previous outlook.
Glencore's (GLEN.L) Zambian unit Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3,800 workers due to lower metal prices and high production costs, government sources said.
The high rate of unemployment among the geoscientists responsible for Australia’s ongoing mineral wealth discoveries has led to an implored plea to the Federal Government to protect local jobs with a tightening of 457 Visa eligibility requirements for overseas geos.
The precious metal price remained rooted in a very narrow range as trading volumes were limited Monday, a public holiday in the US and Canada.
South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.
The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.