Australian Coal Companies Cut Jobs

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Several of Australia’s largest spark companies are heightening pursuit cutbacks, notwithstanding signs of an upswing for a commodity.

BHP Billiton and Mitsubishi Corp.’s Australian corner venture—the world’s biggest exporter of spark to make steel—said on Tuesday it would cut jobs, citing a postulated debility in prices.

The companies pronounced they would strew about 700 jobs from their Australian coal-mining operations in executive Queensland as…

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