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Glencore Xstrata, Peabody lay off over 500 Aussie coal miners

Cecilia Jamasmie | June 25, 2013 | 2:57 pm Energy Australia Europe Coal 

Newly merged Glencore Xstrata (LON: GLEN) and Peabody Energy Corp (NYSE:BTU) are both letting go a total of about 500 coal miners in Australia as a global surplus of the commodity keeps pushing prices down. According to ABC, Glencore Xstrata’s...

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