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