ME home
 
  SME FaceBook SME Twitter SME LinkedIn RSS Feed

Subscriber or
SME Member Log On

WEB-ONLY CONTENT

Go to SME eNEWS

MINING INDUSTRY EVENTS

Process Mineralogy 2018  - Conference
Nov 19, 2018 - Nov 21, 2018
Mine Ventilation in South America  - Conference
Nov 21, 2018 - Nov 22, 2018
7th Minex Eurasia  - Conference
Nov 22, 2018 - Nov 23, 2018
Mines and Technology London  - Conference
Nov 26, 2018 - Nov 29, 2018

METAL PRICES


Au
Ag
Pt
Pd
Ni
Cu
Al
Pb

AGGREGATES
AND MINERALS
MARKETPLACE


http://aggregatesmineralsmarketplace.com
The Mining Engineering, SME and NSSGA
Online Buyers Directory Site
The Online Global Mining and Minerals Library Site

BHP Billiton could be slashing thousands of iron ore jobs in Australia
June 26, 2014

Slowing demand from China and falling prices for iron ore has BHP Billiton considering large jobs cuts at its flagship Australian iron ore division, Reuters reported.

A report from the Australian Broadcasting Corp. placed the number of job losses as high as 3,000. A BHP Billiton spokesperson would not confirm that number, but it is believed that the cuts could be substantial.

More than 12,000 jobs in Australian coal mining have been lost since 2012, including those from BHP’s mines, as the industry combats falling prices and stiff competition from countries like Indonesia.

BHP, the world's biggest miner, employs about 16,000 people in its iron ore division. Earlier this year, it said 170 jobs would go at its Whaleback Mine in the Pilbara iron ore belt. A further 100 people have been let go at the division's Perth headquarters, Reuters reported.

Iron ore prices have dropped more than 30 percent this year due to slowing demand growth in China, the main market for Australian ore.

Rio Tinto has said its Gove Alumina refinery in the country's north can no longer operate profitably and will close. Alcoa Inc is due stop production from its Point Henry aluminum smelter near Melbourne in August.

 

Related article search: