Rio Tinto cuts more jobs at coal operations
Mining giant Rio Tinto has announced more job cuts across its coal mines in Queensland as the state raises its royalty rates.
Mining giant Rio Tinto has announced more job cuts across its coal mines in Queensland as the state raises its royalty rates.
Coal miners are cutting 900 jobs in Australia, in the latest sign that falling commodities prices and rising costs are taking their toll on the mining sector.
Peter Julian, Canada's natural resources critic, claims that the mining sector has lost jobs over the last 10 years and would like to right the resource sector by pushing it toward more value-added work.
Who said the boom was not over?
Brazilian mining giant Vale has followed the gloomy trend set by BHP and Xstrata by announcing it will lay-off workers at its coal operations.
Massive layoffs are expected before the end of the month at Diavik, in Canada's Northwest Territories, as the diamond mine is set to close its open-pit section.
Australia's coal miners are slashing 900 jobs against a backdrop of declining commodities prices and higher costs.
In anticipation of the job's report, the markets and gold jumped yesterday, but there was no good news for President Obama as Friday's report shows the US added a paltry 96,000 jobs in August.
Diversified mining giant Rio Tinto has announced major job cuts at aluminum operations in both Australia and New Zealand.
It's all about the leadership change in the fall