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Xstrata Plc cut 230 jobs, shut down major coal mining section in Australia

Posted: December 17th, 2008 | Author: | Filed under: Australia, By Location | Tags: , | No Comments »

Xstrata Plc has shut down half its coking coal production at a mine in Australia, the latest cutback by miners in the country as a slowdown in global steelmaking slashes demand for coal and other raw materials.

London-listed Xstrata suspended mining of the longwall at its Oaky Creek Number One project in the northeastern state of Queensland, it said in a statement.

Oaky Creek Number One last year yielded 6.2 million tonnes of coal out of a total of 11 million tonnes at the overall complex, Xstrata said.

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