Xstrata Cuts Jobs in Australian Coal Mines

Mining Weekly reports that Xstrata (LON:XTA) has confirmed that it will cut jobs at its Oaky Creek project, in Queensland, but did not give firm numbers.

As quoted in the market report:

This decision has been made as part of an ongoing review of our Australian coal operations in response to industry-wide pressures, including low coal prices, high input costs and a strong Australian dollar,” the spokesperson said.

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