Reuters reported that commodities trader and miner Glencore is reportedly planning to lay off contractors at its New South Wales coal operations in Australia due to prolonged market uncertainty. Without disclosing the count of the number of contractors being impacted with the layoffs, Glencore stated: “Hunter Valley Operations has initiated discussions with the mine’s workforce on changes that will be made to the coal processing requirements from January 2021 as a result of ongoing economic and energy demand impact arising from the Covid-19 pandemic. The changes will not impact HVO’s permanent workforce numbers but some contracting roles in the mining, coal preparation and maintenance areas will not be required under the revised production plan.”
Glencore holds a minority 49% stake of the joint venture with Yancoal.
In August, Glencore temporarily suspended sites and equipment at a number of NSW and Queensland coal operations to manage its production profile.