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Three Mining Companies Plans Cut Mining Exploration Job Amid Resources Downturn
Xstrata, Macarthur Coal and OZ Minerals – moved to cut jobs, as the resources downturn starts to threaten the broader economy.
One of the three, Macarthur Coal (mcc.ASX:Quote,News), also slashed its profit guidance and suspended dividends, sending its shares tumbling a record 22 per cent.
