Jump to content
House Price Crash Forum
Sign in to follow this  

Bhp Billiton To Cut 6,000 Jobs And Close Mine

Recommended Posts


BHP Billiton, the Anglo Australian mining giant, is to cut 6 per cent of its workforce, around 6,000 jobs, and close its giant Ravensthorpe nickel mine in Western Australia as falling demand for commodities erodes its earnings.

The Anglo-Australian miners' job losses include 3,400 jobs in Australia - mostly in coal and nickel production, 2,000 base metals jobs in Chile and 550 positions at the Pinto Valley copper mine.

Alex Vanselow, the chief financial officer of BHP Billiton, gave warning that more mines could close given the uncertainty in commodity markets, with the Australian metallurgical coal mines already slated to reduce output 10 to 15 percent.

"These are very serious types of decisions and we don't take them lightly, but at the end they are necessary and they are the correct decisions," he said.

Is there a commodity bubble looming on the horizon when there's a sudden scramble for resources again?

Share this post

Link to post
Share on other sites
Guest KingCharles1st

I was going to post this earlier but thought it must have already been posted a billion times.

A true reflection of where manufacturing is-


We apparently NEED a third runway at Heathrow to cope with all the demand from rich Chinese manufacturing Oglirchs coming to England to spend billions of money

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.