Xstrata Coal Scales Back

Responding to industry-wide pressures including low coal prices, high input costs and a strong Australian dollar, Xstrata Coal said it downsize by approximately 600. The reductions involve both contractors and per-manent positions. The company did not offer a breakdown of the reductions by individual site and instead said the restructure is focused on scaling back high cost production at some of its mines and eliminating some positions at its corporate headquarters.

The company’s approved growth projects, such as Ravensworth North, Ulan West and the expansion at Rolleston, are proceeding as planned, and remain on budget and on schedule.

Headquartered in Sydney, Xstrata Coal employed more than 17,000 people, includ-ing contractors. The company has interests in more than 30 operating coal mines in Australia, South Africa and Colombia and each year manages production of around 100 million metric tons of coal.

As featured in Womp 2012 Vol 10 - www.womp-int.com