BHP Billiton, Mitsubishi Layoffs Highlight Mining Industry Weakness

BHP Billiton Limited (NYSE:BHP) and Mitsubishi Corp (TYO:8058) are firing 230 workers from an Australian coal mine as dropping prices, global oversupply, and cooling Chinese demand force companies to reevaluate which of their mines are still viable, MarketWatch reports.

Layoffs . . .


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