Glencore to cut 120 jobs as coal production slows

GLENCORE has announced plans to slash Australian coal production by 15 million tonnes this year.

It is understood that this will result in up to 120 job losses across all of its coal mines in Australia.

According to the miner this reduction will allow it to "more closely align our coal output with current customer demand".

Speaking to a Glencore spokesperson, they said that this is part of CEO Ivan Glasenberg's statements on the company's outlook, in which it is "not willing to cannabilise our revenues for volumes".

"We aren't going to push incremental tonnages."

>>Read the full story at Mining Australia.


Bluesfest’s exclusive ‘festival of the decade’ honour

Premium Content Bluesfest’s exclusive ‘festival of the decade’ honour

The festival director said the honour was one of the best things that had happened...

Decision on motion to regulate 4WD access to beach

Premium Content Decision on motion to regulate 4WD access to beach

“Wake up call for Queenslanders that you can’t trash our country"

Police called to council meeting after man refuses to leave

Premium Content Police called to council meeting after man refuses to leave

Councillors voted to have the man evicted from the meeting due to his behaviour.