Anglo American Cuts Drayton Coal Mine Staff

Australian Mining reported that Anglo American plc (LSE:AAL) has cut down its workforce at the Drayton coal mine.

As quoted in the market news:

According to Anglo American it will be forced to reduce staff levels by 45 workers, as the 30 year old Drayton coal mine’s reserves come to an end, coupled with the NSW Planning and Assessment Committee’s decision not to approve the Drayton South operation last year, the second time the PAC has made such a decision.

Mark Heaton, Anglo American’s executive head of open-cut mining, stated:

The company has reviewed the current reserves in Drayton and unfortunately redundancies were unavoidable at this time, although the aim would be to keep as many job for as long as possible.

We had hoped the Drayton South project would have given smooth continuity of employment for our 500 workers and 140 local suppliers.

Click here for the full Australian Mining report