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csg Kerry McKenzie, Anna and Trish Ferguson Darlene Radlingmayr and Michelle Bradshaw mining Aboutusgeneric_1 (L-R)Garrett Kirk with Kerry and Ken McKenzie Melissa Power, Emma Hardgreave and Geri Lanko (L-R)`Dorothy Wilson, Leonie Geary and Sally Pescini (L-R)Dorothy and Frank Wilson and Sheena James (L-R) Isaac Libraries Tech Fest Robotics Challenege organisers Toni Markcrow, Susan Allen, Melody Cole, Katie Dowd, Isaac Regional Councillor Nick Wheeler, Dilki De Silva, Sharani Parr, Jacky Smith and Corinna Baerhold. Steve Beale and Chris Dunphy, MIPEC Hellen Manski and Sophie Pezzutti (L-R) Lisa Hodge, Rosie Dickens, Gerda Dickfos, Cheryl Gothmann and Bahabie Dickens Jack Wood with NAO which has a range of senses for natural interaction including moving, feeling, hearing and speaking, seeing, connecting and thinking. (L-R) Typhoon Le Garde, Trysett Le Garde, Hannah Smyth, Norman Heckscher, Alana Kerr, Amber Beck, Gordon Smith, Jaxi Peach, Verena Peach, Amber Smyth and Byron Abbott.
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Mine to reopen with mixed workforce
GLOBAL commodity trader banking on sustainable coal price recovery
Wednesday 12 October 2016  

Glencore has announced it will use a mix of full-time, contractor, and labour hire staff to fill 200 new roles at its Collinsville coal mine.

Glencore will expand production at the mine, suggesting they think the recent rally in coal prices has set a more sustainable floor price for both thermal and coking coal into the future.

Australian coking coal spot prices have surged 155 percent since the start of June to a four-year high of $282 per tonne following production declines in China.

The recruitment campaign at Collinsville reverses a decision back in April to make 180 people - or 80% of the Collinsville workforce - redundant as the company sought to reduce their coal output because of a global oversupply.

Tony Galvin, head of Glencore’s open cut coal business in Queensland, acknowledged that the last three years required some difficult decisions.

“While Glencore has scaled back production at Collinsville this year, we have continued to assess a range of options for the mine in conjunction with monitoring coal market demand,” he said.

“We are now seeing increased demand from South-East Asia for the specific type of coal produced by Collinsville.

“Our Collinsville mine has made material progress in increasing operational efficiencies and reducing costs in the current market and the decision to return to production is positive news for the local community and the wider region."

According to Glencore, the increased production at Collinsville won’t raise their overall Australian coal exports because it will be more than offset by the recent closures of their underground mines at Newlands and West Wallsend in NSW.

Glencore first flagged the closing of the Newlands underground mine more than two years ago, and about 100 people finished up at the mine in May, with the mine sealed completely in August.

 

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