Mozambique’s coal mines shed hundreds of workers as prices slump
Coal sales, which are Mozambique’s biggest export, were worth $2 billion last year, according to data from the country’s central bank.
Giant miners Rio Tinto (ASX, LON:RIO) and Xstrata (LON:XTA) are expected to cut up to 100 jobs each later this week in their coal divisions as the industry continues to suffer from weak prices, rising costs and the high dollar....
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