Coal Business Flagging, BHP Billiton Ready LAID OFF Employees

Jakarta -BHP Billiton declared ready houses some of his rope factory employees who are located in Australia. The reason, the coal business from lethargic triggered by China's industrial activity slowing down.

BHP with Japanese partner, Mitsubishi, operates seven Bowen Basin mines in Queensland. In the maximum production, mines that could match the one-fifth of world's coal supply.

"With an increase in operational costs and the collapse of commodity prices, we will continue to focus the need to trim the excess as well as operational costs," said BHP in an email received by Reuters, CNBC, quoted Thursday (16/8/2012).

"We are not going to give details about pruning, but that obviously will affect jobs in some areas," he said.

Demand for coal from China began to wane. Its economic growth has been the reason, touching point of elevation in the last three years.

Analysts estimate the financial statements would fall quite in BHP, mainly due to slowing down omzet and labanya world economic growth.

(ang/dru)