Solid Energy prepares for more job cuts at Stockton

Solid Energy prepares for more job cuts at Stockton
By Pattrick Smellie June 5 (BusinessDesk) - Continuing weakness in world prices for high grade coking coal appears likely to trigger a new round of job losses at Solid Energy's main open-cast coking coal mine, Stockton, bringing further bad news to the Westport community following Bathurst Resources' decision to place its new mining plans on hold indefinitely earlier in the year. A Solid Energy spokesman disputed a figure of 300-plus job losses from the 514-strong workforce at Stockton, reported by the RadioLive network, but confirmed the...