Anglo American (LSE:AAL) has cut a “small number” of roles in Queensland, Australia, including positions at its Brisbane office and nearby coal operations, as part of a move to optimize operations in the face of declining coal prices and rising costs, Reuters reported on Thursday.
The job reductions, mostly achieved through voluntary redundancies, come just a day after rival BHP announced the elimination of 750 roles at a coking coal mine in the same area. BHP attributed the cuts to depressed coal prices and elevated state government royalties, which had reduced returns.
“These changes are essential to secure the future of our steelmaking coal operations in Central Queensland,” said Ben Mansour, vice president for people and corporate relations at Anglo American Australia.
Although Anglo American did not disclose the precise number of roles affected, ABC News Australia reported that around 200 jobs were impacted, based on information from the Isaac Regional Council.
The decision highlights ongoing adjustments across Australia’s coal sector as companies respond to challenging market dynamics.
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