The worlds largest miner, BHP Billiton, has cut 500 Australian jobs out of its iron ore business.The jobs have gone in the last month, many more are expected and are linked to an ongoing review of the business by management consultants McKinsey & Company.The cuts come with the iron ore spot price having plunged more … Continue reading
Mining majors BHP Billiton and Rio Tinto have warned that the Australian mining industry will witness more mine closures and job losses this year due to the combination of high costs, high taxes and strong currency. BHP Billiton global coal president Dean Dalla Valle was quoted by The Sydney Morning Herald as saying that the … Continue reading