25 April 2013 (The Age) – Engineers feel squeeze on slowdown

(25 April 2013, The Age, BusinessDay, p26, Brian Robins)

‘Coffey International has downgraded earnings as the slump in exploration spending bites, amid more bad news in the resources sector, this time with a round of job cuts in the NSW coal industry and in the West Australian gold sector. The warning came as Downer EDI cut 106 jobs at Japanese oil trader Idemitsu’s Boggabri coalmine in north-western NSW following production cuts because of weak thermal coal prices.’

‘Just last month, Whitehaven axed 40 jobs at its mines nearby. Additionally, Tanami Gold is to cut up to 150 jobs in Western Australia as it puts its Coyote goldmine on ”care and maintenance” following the gold price slump, which has left the high-cost operation exposed.’

Read more at TheAge.com.au