Mining Australia has reported that the BHP/Mitsubishi (BMA) joint venture Gregory Crinum coal mine becomes the third Bowen Basin mine to shut down this year. (link and link)
BHP explained that this "decision follows a continuing operational review of the Gregory Crinum operations, which determined that the Gregory open-cut mine production was no longer profitable in the current economic environment of falling prices, high costs and a strong Australian dollar".
The CFMEU's comment (via district president Steve Smyth ): (back-up link)
BMA closed its Norwich Park coal mine in March this year and also announced plans to shelve Red Hill Mine near Moranbah as well as Saraji East mine plans, near Dysart.
“BHP management just see these mines as money factories."Well, actually Steve, although NCTCS blog could not agree with all BHP CEO Marius Kloppers' decisions, his responsibilty to his share-holders, (they are the owner's of the mine,) Steve, is to earn a profit. The Australian Government may, irresponsibly year after year spend more than its income, however, if a company tries to follow government's example, they can soon end up in the red and in the gutter.
When this happens, ALL of the company's employees end up without work; company tax gets a hit and the Australian deficit becomes ever bigger.
Although BHP has not articulated it outright, the carbon (dioxide) tax must affect its operations. Power costs alone, with the crazy green energy scheme component, must contribute to the "high costs."
Paul Howes: Please take note. Paul's aparent support for the carbon dioxide tax seems to, like the moon, wax and wain.
Paul Howes of the Australian Workers Union in July last Year: (back-up Link)
AUSTRALIA'S biggest union has finally thrown its support behind the carbon tax - and vowed to name and shame any companies which use it as an excuse to sack workers.This week has seems to contradict throwing his support behind the tax. (back-up link)
Having earlier warned the Australian Workers' Union would withdraw its support if just "one job" was lost, national secretary Paul Howes said yesterday the group was satisfied with the government's package.
THE Australian Workers Union admitted it "didn't want the carbon tax" in a letter sent to its members the day after the scheme started, despite publicly endorsing it as long as not one job was lost.
Howes that again?