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Glencore axes jobs, coal output at Australia’s mine as price collapses

Cecilia Jamasmie | December 07, 2015 | 4:01 am Base Metals Energy Precious Metals Africa Asia Australia China Europe Latin America Coal Copper Gold Iron Ore Potash 

[caption id="attachment_840263" align="aligncenter" width="600"] Image by DmyTo | Shutterstock.com[/caption] Mining and commodities giant Glencore (LON:GLEN) said Monday it is cutting production and 80% of the remaining staff at its Collinsville mine in Australia’s north Queensland as a result of collapsing coal...

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