Rio Tinto To Cut Australia Coal Jobs After Fall In Price
From Fox Business
A spokesman for Rio Tinto’s coal division said the Anglo-Australian mining company was looking at ways to reduce costs at the Clermont mine in central Queensland state and improve competitiveness in an environment of significantly lower prices.
“A review is underway and although the details are to be worked out, it will unfortunately mean redundancies will be required,” the spokesman said in an emailed reply to questions. “We do not take this decision lightly.”