World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Mining Companies Slash Jobs as Commodities Prices Slide
Keywords:
Anglo American responds to declining commodity prices and the slowdown in China with deep cuts of 53,000 jobs from its 151,000 workforce. Some of the jobs will be layoffs and other job cuts will be through sale of mines. In Australia mining employment is down 13% in the 2d quarter of 2015 over prior year. Anglo American plans to sell over a quarter of assets in the downsizing. BHP has spun off over ten mines into a separate company called South32. American Pittsburgh based company Consol Energy says it will no longer provide guaranteed health insurance to retired workers. Anglo American is one of the hardest hit companies. It had losses of $3 billion for the first half of 2015, and needs $1.5 billion in cost cutting to become profitable again.
Anglo American management
10/30/2012
Grouped Articles
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
Commodities Rout Leaves Anglo American Needing Deals
Wall Street Journal 07/25/2015
Anglo American to Slash Assets, Cut 85,000 Jobs
Wall Street Journal 12/09/2015
Anglo American’s Overhaul: Dire Straits in Mining
Wall Street Journal 12/09/2015
Anglo Chief Fell Victim to Cost Overruns
Wall Street Journal 10/30/2012
Miner Rio Tinto Ousts CEO as Bad Bets Cost Billions
Wall Street Journal 01/18/2013
Anglo American strategies
10/30/2012
Grouped Articles
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
Commodities Rout Leaves Anglo American Needing Deals
Wall Street Journal 07/25/2015
Anglo American to Slash Assets, Cut 85,000 Jobs
Wall Street Journal 12/09/2015
Anglo American’s Overhaul: Dire Straits in Mining
Wall Street Journal 12/09/2015
Anglo Chief Fell Victim to Cost Overruns
Wall Street Journal 10/30/2012
Miner Rio Tinto Ousts CEO as Bad Bets Cost Billions
Wall Street Journal 01/18/2013
Australia's iron ore mining industry and exports of iron ore
09/02/2010
Grouped Articles
Wall Street Journal 05/01/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
The Deal Is Simple. Australia Gets Money, China Gets Australia
BusinessWeek 09/02/2010
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
Australia Faces Painful Choices in Economic Slowdown
Wall Street Journal 12/08/2014
Japan Set to Overtake China for Australia’s Biggest Trade Surplus
Wall Street Journal 06/15/2015
Perth, Australia, after the mining boom
09/02/2010
Grouped Articles
Perth's Boom From Energy Faces a Check
Wall Street Journal 04/30/2013
The Deal Is Simple. Australia Gets Money, China Gets Australia
BusinessWeek 09/02/2010
An Australian Boom Town Feels Chill of Commodity Price Decline
Wall Street Journal 06/09/2014
Australia Faces Painful Choices in Economic Slowdown
Wall Street Journal 12/08/2014
Australia Seeks Cure for Its Mining Hangover
Wall Street Journal 05/05/2015
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
The Australian economy in 2014-2015
12/08/2014
Unemployment reaches 6.2% in 2014 as the Australian economy faces the risk of a recession in 2015. The mining boom fades and there are no alternatives to increase growth and investment.
Grouped Articles
Australia Faces Painful Choices in Economic Slowdown
Wall Street Journal 12/08/2014
Think New York Housing Is Expensive? Try Wollongong
Wall Street Journal 04/28/2015
Australia Seeks Cure for Its Mining Hangover
Wall Street Journal 05/05/2015
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
BHP Looks Past Travails, Remains Upbeat on China
Wall Street Journal 08/26/2015
Australia Finds Something Else to Export to China
Wall Street Journal 03/03/2016
Latin American economies Peru, Chile, Colombia, Brazil, and Mexico as the commodities boom cycle fades in 2013-2015
05/06/2010
Commodities exports make up about one fifth of output in Peru and Chile. Slowdown in growth in China will affect exports of copper and other metals. Brazil's growth faces additional hurdles with low investment rates, poor infrastructure and other problems. This in turn affects companies ranging from beer producers to other companies depending on sales in the region.
Grouped Articles
Latin America Boom Starts to Fade
Wall Street Journal 05/30/2013
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Thousands Gather for Protests in Brazilâs Largest Cities
New York Times 06/17/2013
Anger Spills Onto Brazil's Streets
Wall Street Journal 06/18/2013
Brazil, Fortune and Fate Turn on Billionaire
New York Times 06/23/2013
Brazil’s disappointing economy: Stuck in the mud
Economist 06/27/2013
Latin American exports still dependent on commodities in 2010-2015
09/11/2010
Soyabeans from Brazil and Argentina, iron ore from Brazil, copper from Chile, coffee from Columbia, and oil from Ecuador and Venezuela- Latin American exports remain tied to commodities in 2010, especially with the surge in China's growth. The situation remains unchanged from prior decades.
Grouped Articles
In South America, a Mine of Riches and an Economic Sinkhole
New York Times 09/11/2010
Wall Street Journal 01/06/2014
Commodity prices drop on economic woes in Europe, China, U.S. - The Washington Post
Washington Post 06/11/2012
A South America Stalwart, Chile, Tries New Revival Tactic
Wall Street Journal 03/12/2014
China Slowdown Is Rocking Raw Materials
Wall Street Journal 03/12/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
The slowdown in China and the impact on Chile as the commodities boom fades
03/12/2014
Grouped Articles
China Slowdown Is Rocking Raw Materials
Wall Street Journal 03/12/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
Slowdown in China Bruises Economy in Latin America
New York Times 12/16/2014
An Economic Boom Recedes, but South America Might Avert the Bust
New York Times 12/29/2014
Commodities Fall as Stockpiles Mount Up
Wall Street Journal 01/19/2015
Chileans Welcome President’s Declared Cabinet Shuffle
Wall Street Journal 05/07/2015
Anglo American performance
09/21/2012
Grouped Articles
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
Commodities Rout Leaves Anglo American Needing Deals
Wall Street Journal 07/25/2015
Anglo American to Slash Assets, Cut 85,000 Jobs
Wall Street Journal 12/09/2015
Anglo American’s Overhaul: Dire Straits in Mining
Wall Street Journal 12/09/2015
Anglo Struggles to Extract Itself From Deep Hole
Wall Street Journal 09/21/2012
Anglo Chief Fell Victim to Cost Overruns
Wall Street Journal 10/30/2012
Anglo American 53,000 job cuts in 2015 over three years
07/25/2015
Anglos American responds to declining commodity prices and the slowdown in China with deep cuts to its 151,000 workforce.
Grouped Articles
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
Commodities Rout Leaves Anglo American Needing Deals
Wall Street Journal 07/25/2015
Anglo American to Slash Assets, Cut 85,000 Jobs
Wall Street Journal 12/09/2015
Anglo American’s Overhaul: Dire Straits in Mining
Wall Street Journal 12/09/2015
Australia's slowing economy following the end of the mining boom- 2014-2016
05/05/2015
Grouped Articles
Australia Seeks Cure for Its Mining Hangover
Wall Street Journal 05/05/2015
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
Economist 08/24/2015
BHP Looks Past Travails, Remains Upbeat on China
Wall Street Journal 08/26/2015
Australia Finds Something Else to Export to China
Wall Street Journal 03/03/2016
In Australia, China’s Appetite Shifts From Rocks to Real Estate
The New York Times 09/24/2016
Commodities and Avoiding Boom Bust cycles
04/13/2006
BHP Broken Hill Proprietary, big Australian mining company and how its working the commodity business a different way from the past. Comparison to oil Companies and similar issues faced by oil companies though more complex in the case of oil.
Grouped Articles
Wall Street Journal 05/01/2013
Wall Street Journal 05/30/2013
After Going All In During Mining Boom BHP Cuts its Ambitions
New York Times 08/08/2013
The Deal Is Simple. Australia Gets Money, China Gets Australia
BusinessWeek 09/02/2010
An Australian Boom Town Feels Chill of Commodity Price Decline
Wall Street Journal 06/09/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
Boom and bust in Australia's commodities driven economy- Moranbah, Queensland, Australia in 2014-2015
06/09/2014
Grouped Articles
An Australian Boom Town Feels Chill of Commodity Price Decline
Wall Street Journal 06/09/2014
Wall Street Journal 11/13/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
Australia Faces Painful Choices in Economic Slowdown
Wall Street Journal 12/08/2014
Commodities Fall as Stockpiles Mount Up
Wall Street Journal 01/19/2015
Australia Seeks Cure for Its Mining Hangover
Wall Street Journal 05/05/2015
The slowdown in China and the impact on Australia as the commodities boom fades
05/06/2010
Grouped Articles
Wall Street Journal 07/15/2013
Where Will the Next Financial Bubble Be?
BusinessWeek 05/06/2010
After Going All In During Mining Boom BHP Cuts its Ambitions
New York Times 08/08/2013
The Deal Is Simple. Australia Gets Money, China Gets Australia
BusinessWeek 09/02/2010
China Slowdown Is Rocking Raw Materials
Wall Street Journal 03/12/2014
An Australian Boom Town Feels Chill of Commodity Price Decline
Wall Street Journal 06/09/2014
The slowdown in China and the impact on Brazil as the commodities boom fades
03/12/2014
Grouped Articles
China Slowdown Is Rocking Raw Materials
Wall Street Journal 03/12/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
Slowdown in China Bruises Economy in Latin America
New York Times 12/16/2014
An Economic Boom Recedes, but South America Might Avert the Bust
New York Times 12/29/2014
Commodities Fall as Stockpiles Mount Up
Wall Street Journal 01/19/2015
Learning the lessons of stagnation
Economist 06/30/2015
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us