REDUNDANCIES – QUEENSLAND

Rio’s Boyne smelter to slash output, jobs

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Original article by Matt Chambers
The Australian – Page: 17 & 22 : 20-Jan-17

The rising spot price of electricity in Queensland has prompted the Rio Tinto-controlled Boyne aluminium smelter to reduce annual production by around 45,000 tonnes. While the bulk of its electricity is supplied by the Rio Tinto-backed Gladstone Power Station, some 15 per cent is sourced via the spot market, where the price recently spiked to more than $A12,000 per megawatt hour. Some jobs will also be lost at the Boyne smelter, which has a workforce of about 1,000.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BOYNE SMELTERS LIMITED, GLADSTONE POWER STATION, STANWELL CORPORATION LIMITED, AUSTRALIAN ENERGY REGULATOR, ALCOA INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF PREMIER AND CABINET

BHP coal venture to cut 700 jobs in Bowen Basin

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Original article by Sarah-Jane Tasker
The Australian – Page: 18 : 24-Sep-14

BHP Billiton’s joint venture with Mitsubishi will retrench 700 employees at its coal mines in central Queensland, amid continued weakness in the price of metallurgical coal. Dean Dalla Valle, the head of BHP Billiton’s global coal business, says the coal sector is likely to experience further upheaval in the next 12-18 months. Some 10,000 jobs have been shed in Australia’s coal mining industry in the last 12 months

CORPORATES
BHP BILLITON LIMITED – ASX BHP, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION