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Newcrest Mining
Layoffs / The Incredible Shrinking Mining Sector
Who will be left to mine the world’s metals and minerals? As prices for gold, silver, copper, uranium, and iron ore continue to fall, miners are increasingly turning to layoffs to help meet the need to contain costs. 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
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