date:Jun 05, 2014
force at its Australian iron ore operations, which reported about $20 billion in sales in fiscal 2013.
Anglo American Plc, the fifth-largest mining company, has reviewed contracts with suppliers of fuel, rubber for tires and removed contractors at Australian coal operations to trim costs.
Yet the industry may be hard pressed to keep the cuts coming. Mining companies will have trimmed their capital spending by more than half from 2013 through 2015, JPMorgan Chase Co. analysts estimated in a Ma