Anglo American eyes job cuts at Australian coal mine

Anglo American eyes job cuts at Australian coal mine
 

Global miner Anglo American (AAL.L) on Thursday said it had opened talks with workers and unions on a proposal to cut 90 jobs at its Capcoal coking coal mine in Australia, where industrial work stoppages have been underway since August.
Anglo American, in the process of selling off its coal mining business in Australia to pay debt, said consultation was needed to "address a challenging commercial environment and unplanned delays to production", despite increases in coal prices.
Coking coal prices have more than doubled since January, with traders on Thursday quoting spot prices of... read more

 
29 September 2016 in Business, Views: 34
Source: Reuters
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