Glencore Xstrata to shut Australian mines over Christmas

Mining and commodities giant Glencore Xstrata said on Friday it would close its Australian coal mines for three weeks during Christmas owing to weak prices and oversupply. The shutdown will start in mid-December and affect the company’s 13 mines, which have 8,600 workers and produce more than 80 million tonnes of thermal and coking coal, across the states of New South Wales and Queensland …
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