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Glencore Xstrata PLC Cuts Australia Coal Jobs On Prices, Costs-DJ

Wednesday, 26 Jun 2013 09:56pm EDT 

Dow Jones reported that Glencore Xstrata PLC said it would axe about 450 workers in Australia as the mining company curtails coal output in response to higher production costs and weaker prices. The Company said the jobs would go by the end of the year as it pares output at its Newlands and Oaky Creek mines, both in Australia's Queensland state. About 150 of the job losses are at Oaky Creek and 300 at Newlands.