Glencore slashes coal production

Glencore is cutting its Australian coal output by 15 million tonnes in 2015 because of weak demand and prices.

A coal train

Glencore is cutting its Australian coal output by 15 million tonnes in 2015 due to weak demand. (AAP)

Global mining giant Glencore is cutting its Australian coal production by 15 million tonnes due to weak demand.

Up to 120 jobs at the Swiss company's 13 mines in NSW and Queensland could be affected by the scaling back of some operations and deferring projects in 2015, although the company has not detailed the impact on staff.

Glencore currently employs 8,600 workers.

It said it would make changes at several sites, including underground roster changes, scaling back of some open pit mining and revisions to its product portfolio, to better match its volume and coal quality to current market demand.

"We will continue to review all our coal operations in the prevailing economic climate," Glencore said.

The move comes after Glencore ordered more than 8,000 workers to take holidays over Christmas when it shut all of its Australian mines to cut output.

Glencore is Australia's largest coal miner and produced almost 97 million tonnes in 2014.


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Source: AAP


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