It's more than just an excellent news service.

It's about becoming part of the mining and gas community.

Subscribing to Shift Miner means you can get full access to all our news and special reports, advertise anything you want in the classifieds (print & digital) and browse the jobs board.

So no matter where your job takes you, you're just a click away from the best source of mining information on mobile, in print and online.

DIGITAL SUBSCRIPTION: $4.99 a week
Includes full access to all areas on smartphone*, ipad and online.
*Download the free iphone app from itunes

STILL NOT SURE?
Click here to sign up for our free news headlines service: The WINO (Wednesday’s Industrial News Online)

Email [username]:

Name:

Coupon Code:
Leave blank if you don't have one
Password:

Confirm Password:

Terms and Conditions and Privacy Policy
dragline (L-R) Trackside with Isaac Regional Councillor Jane Pickles Mayor Anne Baker and Deputy Mayor Geoff Bethel at the 2017 Middlemount Race Day on Saturday, August 5. Aboutusgeneric_2 Matilda Walsh enjoying the entertainment at Saturday’s race day. Greg Byrne, Downing; Ian Reed, QNP Morgan Toyne and Toni Paterson. Aboutusgeneric_1 Port (L-R) Burdekin MP and LNP candidate for the seat of McMaster Dale Last with Middlemount Race Club Committee President Donald Black and winning trainer Tim Cook. mine Steve Beale and Chris Dunphy, MIPEC Construction Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Tiffany Maskel, Senior Youth Girls runner up Maddison Hite, Senior Youth Girls winner Nicola Pickering and Ben Hungerford. Best Dressed Gent winner Robin Sellar.
dragline (L-R) Trackside with Isaac Regional Councillor Jane Pickles Mayor Anne Baker and Deputy Mayor Geoff Bethel at the 2017 Middlemount Race Day on Saturday, August 5. Aboutusgeneric_2 Matilda Walsh enjoying the entertainment at Saturday’s race day. Greg Byrne, Downing; Ian Reed, QNP Morgan Toyne and Toni Paterson. Aboutusgeneric_1 Port (L-R) Burdekin MP and LNP candidate for the seat of McMaster Dale Last with Middlemount Race Club Committee President Donald Black and winning trainer Tim Cook. mine Steve Beale and Chris Dunphy, MIPEC Construction Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup

Glencore cut backs
JOB losses and expansion reviews for Newlands, Oaky Creek & Collinsville mines.
Friday 27 February 2015  

ONE hundred twenty jobs will be lost from Glencore’s coal mines, and expansions planned for Newlands, Oaky Creek and Collinsville mines have been put on hold.

In a written statement last Friday, Glencore flagged the cutbacks saying they wanted: “to more closely align our coal output with current customer demand".

Glencore has not released exact details of which mines will be affected by the job losses, but given the company has 15 coal mines in Australia, the losses could equate to as few as eight jobs per site if they were spread evenly.

However, Glencore also said expansions at three Queensland coal mines were on hold, suggesting that local miners could be worse affected.

Glencore intends to cut coal exports from its Australian operations by 15 million tonnes this year, which roughly equates to about 10 per cent of current production.

The ongoing low prices for all grades of Queensland coal are almost entirely due to an oversupply onto the world market.

Although news out last week suggests demand could also be easing in China, our biggest trading partner.

According to statistics from the Chinese government, coal consumption and production fell by three percent last year - the first time it’s fallen in 14 years.

Conversely, consumption of oil and gas was up six per cent and nine per cent respectively, leading to some suggestions that the Chinese were switching to other sources of energy because of the lower prices.

China is now Australia’s biggest coal importer; however, prior to the GFC it had never imported any coal from Australia.


Similar Topics