March 4, 2009

Nickel miner Vale Inco to cut 900 jobs globally

Vale Inco Ltd. said Tuesday it will cut more than 400 white-collar jobs in Canada as it continues to restructure its operations amid slumping nickel prices.

The Toronto-based miner said it will cut 900 jobs worldwide, mainly from its corporate, management and business support functions, and the bulk of layoffs in Canada will fall at its major nickel operations in northern Ontario.

Source: The Canadian Press

February 20, 2009

Minntac to lay off half its work force

U.S. Steel Corp. has notified workers at its Minntac[,MN] mine that it will cut production in the next two to three weeks. As a result, about 50 percent of the work force — 500 union and 90 salaried management employees — will be indefinitely laid off.

Minntac, near Mountain Iron, employs about 1,100 union workers and about 180 people in salaried management positions. The mine has five taconite processing lines, but just four are operating. In the coming weeks, the number of operating lines will be cut to two.

Source: Duluth News Tribune

February 10, 2009

Anglo Platinum to cut 10,000 jobs

South African mining group Anglo Platinum has said it will cut 10,000 jobs in 2009 to lower costs amid a drop in platinum prices and demand. The jobs will be eliminated by firing contractors and not replacing departing permanent staff.

Anglo Platinum, the world’s biggest platinum miner which is majority owned by London-based mining giant Anglo American, reported a 5% fall in operating profit amid higher costs and lower sales.

Source: BBC

February 9, 2009

Xstrata to lay off hundreds.

Filed under: Canada,mining,worldwide — 7macaw @ 6:59 am
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An international mining company Xstrata Nickel today announces plans to restructure its Sudbury [Northern Ontario, Canada] operations in response to ongoing challenging market conditions. As a result of the restructuring, 686 permanent employee positions will be made redundant, affecting both union and salaried employees in operational and non-operational roles. A three-day stoppage of operations was initiated today to allow the restructuring to occur.

The restructuring follows the announcement in November 2008 of the accelerated closure of the end-of-life Craig and Thayer-Lindsley operations at Sudbury, both of which will cease operations with immediate effect.

Source: Xstrata press-release

January 21, 2009

BHP Billiton to lay off 6,100

Filed under: Australia,mining,worldwide — 7macaw @ 8:09 am
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BHP Billiton – the world’s largest mining company – said Wednesday that it will cut about 6 percent of its workforce, and close its giant Ravensthorpe nickel mine in Australia, joining smaller rivals in downsizing to combat sinking prices of metals.

BHP said it would cut about 6,100 jobs in total. Besides about 2,100 jobs cuts in Australian nickel mining another 4,000 jobs out of the 101,000 strong global workforce will go, the miner’s chief financial officer, Alex Vanselow, said.

Source: International Herald Tribune

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