130 jobs cut from Centennial Coal’s Newstan mine

Thirty contract mining jobs are set to go from Centennial Coal’s Newstan mine as the company continues to cut costs.

Mackay-based contractor Mastermyne said about 100 mineworkers and 30 staff would lose their jobs as Centennial reviews its operations, The Newcastle Herald reported.

Managing director Tony Caruso said he did not know if the company would return to the mine.

‘‘What we do know is that all labour will cease to be required on site from approximately the end of January,’’ Caruso said.

Centennial Coal’s chief operating officer Steve Bracken the review of its operations comes after a drop in the price of thermal coal.

The Thai-owned company announced their Mannering and Airly Mines would be placed in ‘‘care and maintenance’’ from January with 40 jobs set to be cut at both mines.

It has been a tough for contractors in recent times as the slow down in mining is affecting productivity.

Coal mining contractor Diversified Mining Services announced it will slash about 30 jobs from its operations, blaming the slow down in demand.

Managing director Terry Young explained that "clearly the industry is gong through some tough times at the moment" and "many of our customers are re-evaluating their cost base and making appropriate right-sizing decisions".

Drilling company Boart Longyear has also announced plans to cut jobs. According to The Australian it will cut around 300 jobs in Australia, with around 60 to 80 staff already on notice.

Image: CentennialCoal.com

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