Rio Tinto says it is cutting jobs at its Hail Creek open cut coal mine in central Queensland as it deals with falling prices and higher costs
Mining giant Rio Tinto says it will cut jobs at its Hail Creek coal mine in central Queensland due to falling prices and higher costs.
Rio did not say how many positions would be affected, but said the move was part of its push to reduce costs and improve productivity across its mines.
“Like others in the Australian coal mining industry, Rio Tinto is facing the challenge of increasing costs and dropping coal prices,” a Rio Tinto Coal Australia spokesman said.
“Some roles at Hail Creek Mine are no longer required as part of changes to ensure the mine is sustainable in challenging conditions.”
The company, which employees 940 people at the mine, said it would be providing support to those affected.
The Hail Creek open cut mine exports more than seven million tonnes of coking coal to international customers each year.
Coal prices have dived in recent years.