BHP Jansen to cut 76 jobs – Alert

While work continues on BHP Billiton’s Jansen potash mine in Saskatchewan, the company has told the Canadian press that it plans to cut 76 jobs at the operation, citing lower commodity prices. However, while the company is concerned over near term commodity prices, it remains bullish as to demand growth. The company is also facing, along with mining partner Vale SA, a $5.2 billion lawsuit in Brazil as a result of a recent dam collapse (GM Dec. 7, 2015).