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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (31011)	1/11/2009 6:57:11 PM
From: LoneClone	Read Replies (1) \| Respond to of 193811

Rio confirms cut at Kestrel Mine steelguru.com AAP reported that Rio Tinto has confirmed it will cut coal production at its Kestrel mine while rival BHP Billiton is keeping its options open. Rio said the equivalent of 50 full time staff would be culled from its Kestrel coking coal mine, and it would cut the operation's output by 15% amid low demand from steel makers. Ms Allison Smith, spokeswoman of Rio, said that the production cuts at the underground mine near Emerald in central Queensland would start this month. She added that the staffs had been advised this week. Ms Smith said that "Longwall production is going to be reduced, starting this month, and this is directly in response to the global financial impact on the steel industry. Because of less demand for shipments of Kestrel's product, we're reducing production by 15%.” Meanwhile BHP said it is keeping options open. A spokeswoman of BHP said that "We obviously always watch the market closely and keep a close relationship with our customers but there's nothing more I can say ahead of our production report."