Mining and commodities giant Glencore said Monday it is cutting production and 80% of the remaining staff at its Collinsville mine in Australia’s north Queensland as a result of collapsing coal prices.
The cuts would affect around 180 of the 230 people employed at the mine, with most of the layoffs materializing next year, the Swiss company in an e-mailed statement.
Glencore, the world’s biggest exporter of thermal coal, also noted that is taking further steps to reduce production at Collinsville, beginning by closing the mine for three weeks during the holidays.
Nenhum comentário:
Postar um comentário