Mining

This tag is associated with 41 posts

Mining – Anglo American to Cut 85,000 Jobs 

The pain among energy and mining producers is growing more acute as prices of global commodities continued their collapse on Tuesday.The newest victim is the London-based mining firm Anglo American. On Tuesday, the company announced a drastic restructuring, which includes expanding job cuts, suspending its dividend, reducing its business unit and cutting its assets. Anglo … Continue reading

Mining – Anglo American and Lonmin to cut 12,000 jobs

Two London-listed mining groups are to slash up to 12,000 jobs as commodity prices slump to levels last seen during the global recession of 2008-09. Platinum producer Lonmin plans to shut or mothball several mine shafts, putting 6,000 South African jobs at risk. Platinum prices have hit a six-and-a-half-year low, while power and labour costs … Continue reading

What’s going on in the global job market for the mining industry?

Economists estimated that there would be around 245,000 jobs added to the U.S. market, however recent tabulations from the March report indicated that their predictions were too optimistic. Only 126,000 jobs were added last month, and while most industries did their part to offer more employment opportunities, the mining industry had to make further cuts. … Continue reading

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.The company said by 2017 a programme of divestments and productivity improvements would leave it with around … Continue reading

Mining Supply and Services in Ontario – Sustaining 68,000 direct and indirect jobs study finds

In 2011, Ontario’s mining supply and services sector contributed $3.9 billion to the province’sgross domestic product, and sustained around 68,000 direct and indirect jobs, according to to a new study published by the Canadian Association of Mining Equipment and Services for Export (CAMESE). CAMESE managing director Jon Baird said the study’s finding are historic, because … Continue reading

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

BHP Billiton – The worlds largest miner cuts 500 jobs, and more to come

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

Coal Miner in US / Jobs are vanishing

Coal mine employment in the U.S. has dropped nearly 20% in the past two years as the industry comes under intense competition from natural gas, according to data from SNL energy. From a recent high of about 94,000 in Q4 2011, mining jobs have fallen to about 77,000. Last year, natural gas matched coal in … Continue reading

Caterpillar / Has cut more than 13,000 jobs over the past year

“We’re looking at mining continuing to falter into 2014” says Caterpillar’s Chairman and Chief Executive Continue reading

South Africa / Mines cut 23,000 jobs in 12 months

South Africa’s threatened mining sector lost 23 000 jobs in the 12 months to June, and 4 000 of those were lost between April and June Continue reading

Rio Tinto in Mongolia / 2000 jobs lost

Job losses from the mining sector continue to flow with a major Rio Tinto (ASX: RIO) contractor axing some 2,000 employees at the mining giant’s Oyu Tolgoi gold and copper project in Mongolia Continue reading

US Mining / Drummond to lay off 425 mine workers

(Chosen excerpts by Job Market Monitor) – Up to 425 miners for the Drummond Co. in US , Jefferson and Walker counties will be laid off starting Sept. 9, according to media reports. The reports cite a notification that the Birmingham company is required to file with the state. Drummond said in a letter sent Monday to … Continue reading

Ghana / Mining companies to trim operations by 3,500

More than 3,500 permanent jobs will be lost in an industry that has enjoyed a decade long boom as falling gold prices and rising cost blight the industry Continue reading

Australia / About 7000 mining jobs gone

ABOUT 7000 jobs have been lost from Queensland’s coal sector in the past 15 months, according to the industry Continue reading

Australia / WesTrac cuts 350 jobs

HEAVY machinery dealer WesTrac is cutting 350 jobs as part of a restructure in response to weaker demand from the resources industry Continue reading

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