BHP Billiton continues to cut jobs on both sides of Australia, announcing it will axe 163 coalmining jobs in NSW.
The affected workers are employed at its Mt Arthur thermal coalmine in the Hunter Valley and represent nearly nine per cent of its NSW energy coal business workforce.
The news follows an internal review which it said was part of continual efforts to ensure the long-term sustainability of its coalmining.
"The coal industry continues to experience difficult market conditions, including continuing low coal prices and a high Australian dollar and in order to remain globally competitive, the cost base of our Mt Arthur Coal operations must be reset," said Peter Sharpe, president of the NSW coal business.
The company, the world's largest miner, has already cut 500 jobs out of its iron ore business and has enlisted global consultants McKinsey to review the Pilbara business.
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