Indonesia – Kalimantan Mine – Layoffs may loom ahead

Coal miners in Kalimantan are balking as the global coal price falls, saying their local production has taken a hit and they may need to fire some workers.

Mr Eko Priyatno local chairman of the Coal Mining Association said that the 30% decline in the global coal price could push mining companies toward massive layoffs. The global coal price had been declining since March with the price falling to USD 87.56 per tonne in July compared to USD 96.65 in June.

via Layoffs may loom for Kalimantan Miners – 276609 – 2012-08-02.