Australian mining jobs sector still growing, but new skills needed, report finds
Employment in the mining sector will rise by 7.4% over the next four years, with the oil and gas sector providing the largest number of new jobs
Employment in the mining sector will rise by 7.4% over the next four years, with the oil and gas sector providing the largest number of new jobs
Resource industry employment expected to grow 11% in the next five years.
Gold hit a five-month low in the wake of the jobs report, but recovered quickly climbing 4.8% to 1,230.
Gold prices hit a 5-month low, and is now within shouting distance of the psychologically important $1,200 level and the three-year low of $1,180.
The Gove refinery has been struggling for a while, due mainly to low prices.
Massaging the reported numbers may make them look better on the surface, but we all know that the jobs market situation is much worse than reported.
Newcrest employs 1200 people at the Telfer operation site.
For years, Romania’s traditional mining communities have struggled to find work in their local communities, following the closure of the majority of the country’s mines in the late 90’s and early 2000’s.
Australian miners are cutting back on large capex projects and taking a sledgehammer to costs.
"The continuing low coal prices have placed considerable pressure on the profitability of the Dawson operation."