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mine (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe Mitchell Brown and friends The Hamilton family Kaleb and Harmoni Mauloni Sgt Rob Smith and Constable Paul Muller Aboutusgeneric_2 Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup dragline csg Melanie and Chevy Ohl Greg Byrne, Downing; Ian Reed, QNP Sgt Rob Smith and Constable Paul Muller Port (L-R) Charlie Swaffield and Friend, Jayden and Eathan Little and Rylee Flint
mine (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe Mitchell Brown and friends The Hamilton family Kaleb and Harmoni Mauloni Sgt Rob Smith and Constable Paul Muller Aboutusgeneric_2 Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup dragline csg Melanie and Chevy Ohl Greg Byrne, Downing; Ian Reed, QNP Sgt Rob Smith and Constable Paul Muller

Carborough Downs next coal casualty?
VALE mothballs Integra mine as CQ sites face the guillotine.
Tuesday 20 May 2014  

BRAZILIAN miner Vale will mothball its Carborough Downs mine in Central Queensland by the end of the year, according to a source close to the miner.

The company’s Integra mine in New South Wales was put into care and maintenance last week, and with it 500 jobs lost.

Now, the future of its two Central Queensland mines - Carborough Downs and Isaac Plains - are in question.

“Carborough can’t close until the end of their current longwall block, which is scheduled for the end of 2014,” a source close to Vale told Shift Miner.

“It is suffering huge losses, but will also be placed in care and maintenance. Capital for future development has been frozen.”

The Isaac Plains joint venture project with Japan’s Sumitomo is also under a cloud.

“Isaac Plains with either be put in care and maintenance, or Sumitomo will buy Vale out. It is also losing money and capital to develop its Isaac Plains south expansion has been frozen,” said the source.

Employees of the company are increasingly vexed by the apparently extravagant ways of the Australian arm of Vale’s management team, based in Brisbane, during a dire time for workers at the pit.

“We aren’t stupid; we know the price of coal is low, but Vale’s overheads are ridiculous and we seem to take the brunt of it at the coal face, so they can maintain their extravagant lifestyle,” said the source.
“People are flying business class around the world and using limousines to cart them around Brisbane while the Australian business is mismanaged year after year.

“The morale is terrible - head office is like walking on eggshells and sites are devastated.”


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