Anglo American to axe 53,000 jobs, put 15 assets up for sale
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
Glencore to slash 380 coal jobs in South Africa
It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
Gold above 3-1/2 month low after positive U.S. jobs data
The metal cut some losses on Thursday, rebounding slightly from a 3-1/2 month low after data showed the U.S. labour market to be weaker than expected in June.
BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans
The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.
Amplats axing over 400 jobs in South Africa
Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.
Most US mining and natural resources jobs lost in six years
Mining and logging was the big exception in Friday's payroll numbers with 18,000 jobs lost in May, the worst month since the global financial crisis.
Jobs drop gold price to 12-week low
Strong payroll numbers add to urgency for a hike in US interest rates making owning zero-yielding gold a less attractive asset.
Harmony Gold to cut over 3,000 jobs, union asks Gov’t to intervene
The company had warned it planned to restructure several of its mines, producing almost 25% of its gold, when it posted a third consecutive quarterly loss early May.
