No other choice: BHP Billiton may cut workforce due to the drop in global coal prices, high costs and a strong Australian dollar. – Reuters
SYDNEY: BHP Billiton said jobs could go at its Australian coal mines as the company faces a deteriorating global market, the latest sign of global miners scaling back due to slowing industrial activity in China.
BHP in a 50:50 partnership with Japan's Mitsubishi operates seven coal mines in Queensland's Bowen Basin yielding mostly metallurgical coal used in steel making. At peak output, the mines can supply up to a fifth of the world's traded coal.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
