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.
Peabody Energy (NYSE:BTU) tipped the job cutting balance in the coal sector a bit further Tuesday as the US giant announced it is axing another 170 employees, about 5.7% of its total workforce at its Australian operations. The company, which is...
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