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Mining – Anglo American to cut about 60,000 jobs by 2017

Global miner Anglo American said on Tuesday it aimed to slim down its workforce and warned of a delay in reaching a key return on capital target due to weaker metal prices, putting its long-term revamp strategy in doubt.Capture d’écran 2014-12-10 à 13.29.58The company said by 2017 a programme of divestments and productivity improvements would leave it with around 102,000 employees and contractors, some 60,000 less than in 2013.

Chosen excerpts by Job Market Monitor. Read the whole story at  Anglo American aims to cut about 60,000 jobs by 2017.

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Mining in Australia – Unemployment double national rate

Professionals in Australia’s minerals industry are experiencing double the average national unemployment rate, a survey has revealed. Research by the Australasian Institute of Mining and Metallurgy (AusIMM) showed the unemployment rate amongst workers, such as geologists and mining engineers, was 12.2 per cent. The institute’s chief executive, Michael Catchpole, said changes in commodity prices, cost-cutting … Continue reading 

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Ghana / Mining companies to trim operations by 3,500

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Australia / About 7000 mining jobs gone

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Layoffs / The Incredible Shrinking Mining Sector

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Mining / South Africa / Amplats to cut 14,000 jobs

Anglo American’s platinum arm is expected to cut 14,000 mining jobs as part of the loss-making business. According to industry sources, the mining company is under pressure from South African government. Anglo American Platinum, the world’s top platinum producer, is battling to restore profits and is planning to cut back production and mothball two mines … Continue reading 

Scotland / Government sets up mining jobs taskforce

A Scottish government taskforce has been set up to try to retain jobs at a collapsed coal-mining firm. Scottish Coal, which operated six open cast mines across Scotland, announced nearly 600 redundancies when it went into liquidation last week. Energy minister Fergus Ewing said the Scottish Open Cast Mining Taskforce would do everything it could … Continue reading 

Australia / Mining / Newcrest axes jobs

Australia’s mining sector is facing more job losses and a halt on investment after Newcrest Mining flagged cuts to its workforce. After last week’s dramas when the gold price plummeted at record rates to two-year lows, Newcrest revealed a sharp nearly one-third jump in its costs from a year ago. The company, Australia’s largest goldminer … Continue reading 

South Africa / Mining bleeds 15,000 jobs in quarter

THE beleaguered mining sector shed 15,000 jobs in the third quarter, reflecting the extent to which the slowdown in global demand for commodities, coupled with disruptive wildcat strikes, had on the sector, a Statistics South Africa jobs survey released on Tuesday showed. The job losses in mining do not bode well for South Africa’s already … Continue reading 

South Africa / Possibly above 10,000 and maybe higher mining jobs cut

South Africa’s mining industry is likely to see mass job cuts following violent strikes that drastically reduced production of gold and platinum, the head of the national mining industry body said on Friday. Bheki Sibiya, chief executive of the Chamber of Mines, said he expected thousands of job cuts in the industry, “possibly going above … Continue reading 


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