Over the past year, Caterpillar has closed or announced plans to shutter several plants in the US, Canada and Europe.
While Walter Energy shuts down two coal mines, leaving hundreds unemployed, HD Mining International plans to bring up to 480 Chinese workers to British Columbia.
Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.
Speculation is mounting as the industry has shifted enough to make a buyout attractive.
CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.
But it is planning to do so at the fertile Liverpool Plains, an extensive agricultural area, which is predictably raising opposition from locals.
About 36 contractor and head office positions on the line.
Doyle, 63, will probably be remembered the most as the CEO who fended off BHP Billiton’s hostile takeover bid for the Canadian fertilizer producer.
While Rio plans to submit a revised plan to keep its Warkworth mine viable, opponents vow to fight any new proposal.
The now three-month strike over pay in the country's platinum belt has forced Amplats to declare a force majeure on a long list of suppliers.
Earlier this month the company said it would not hit its sales guidance of 750,000 ounces of platinum annually, as it has already lost 90,000 ounces since the strike began.
Platinum miners said the financial cost of the strike doesn’t really tell the full story, as the real victims are those suffering from hunger, lack of businesses and increased violence on the streets.
Reveals cross-industry survey, which analyzed responses from over 30,000 professionals.
Currently 19% of Aussie geoscientists are unemployed, compared with fewer than 2% three years ago.
Working as a mining or geological engineer may not be the easiest job in the world, but the pay is better than average and it offers plenty of opportunities to travel to exotic locations around the world.
The miner may lay off 400 workers at its Romanian subsidiary unless prospects for its Rosia Montana gold and silver mine improve.
The new law also lets the state to acquire an unspecified additional share at an “agreed price,” among other debated changes.
Fresh evidence contradicts South African police account of the events, which claims most died as they opened fire when striking miners charged officers.
It fell around 1.3% to $1,336.01 after a report on US employment showed the country added more jobs than expected in February.
Tuesday’s apparent softening of the union position was not enough to keep negotiations open.
Engineering and project management company AMEC has began advertising for workers on what appears to be the famous mine.
They still want monthly entry wages to start at US$1,200, more than double current levels.
Companies want to bring more foreign workers as a way to lower production costs.
Space Agency in search of potential business partners as US government denies further funding.
Despite the miner returned to profitability last year, it is now facing a strike at its processing plants.
Platinum belt already paralyzed.
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