Australian Mining Jobs Move from Construction
Australian mining jobs change from the construction phase to the production phase as mega-giants Rio Tinto and BHP Billiton announced iron ore production rates reached record levels this week. The first six months of the year proved to be outstanding for Rio as they set new records despite a three week delay caused when a conveyor belt problem sidelined one of the company’s five ship loaders. They were also forced to deal with intense flooding in the Pilbara making their record-breaking production even more auspicious. The results from the company’s second quarter were six per cent higher than for the same time frame last year at the WA Pilbara mines. Rio CEO Sam Walsh describes the performance as impressive. The Oyu Tolgoi copper mine in Mongolia has started shipping to China for Rio as well.
Australian mining jobs at BHP are safe for now considering the company just announced that its iron ore production exceeded their target and beat market expectations. This enabled them to lift the production guidance that had been in place for this financial year. Further helping the Australian mining jobs’ revenues is the reprieve the Australian dollar experienced against the U. dollar.
Walsh cautioned that while the increased production is a plus, the company is still pursuing cost-cutting measures and that the road before them isn’t going to be an easy one. There will be some decisions made but the second quarter numbers are very promising.