More matter with less art

Layoffs in mining companies

There have been a lot of anecdotal reports and messages reaching IKN Nerve Centre™ concerning layoffs in mining companies in the last three to four weeks. Jobs losses are across the board, white collar and blue collar, all departments and offices affected, all sizes of miner from the smallest exploreco (many of which are shutting up shop) to the largest of the big Tier 1 operators. Much of the information received is via private mails, therefore sensitive and not for public dissemination, but just by monitoring the junior NRs you can see the trend at the high officer level, the people for which resignation and a material company event that must be reported.
So no figures or stats in thsi short post, a simple headsup is what you have here.

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