Glencore to cut 400-plus jobs at Australia's Hail Creek coal mine [Seeking Alpha]
Obsidian Energy Ltd. (OBE)
Last obsidian energy ltd. earnings: 8/2 06:30 am
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Source: Seeking Alpha
Glencore ( OTCPK:GLCNF , OTCPK:GLNCY ) says it will cut ~30% of its workforce at its Hail Creek coal mine in Australia, reducing the workforce to 930 from 1,360, following a review of operations. Glencore, which began operational management of Hail Creek from Aug. 1 after purchasing the mine from Rio Tinto, says it will launch a seven days on, seven days off worker rotation and reconfigure mining methods it uses at Hail Creek; it expects the process to be phased in over the next 18 months. In 2017, the mine produced 9.4M metric tons of hard coking and thermal coal for export. Click to subscribe to real-time analytics on GLCNF Now read: Obsidian Energy: Value Ahoy Straight Ahead » Subscribe for full text news in your inbox
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News
- Obsidian Energy Announces Date of First Quarter 2024 Results and AGM Webcast [Yahoo! Finance]Yahoo! Finance
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- Obsidian Energy: Limited Free Cash Flow Expected In 2024 As It Grows Production [Seeking Alpha]Seeking Alpha
- Obsidian Energy Announces Operational Update with Strong Start to 2024 Capital Program [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid [Yahoo! Finance]Yahoo! Finance
OBE
Sec Filings
- 3/27/24 - Form 6-K
- 3/15/24 - Form 6-K
- 2/28/24 - Form 6-K
- OBE's page on the SEC website