Mining jobs company snapshot: Gold mining companies step up recruitment as gold price surges in 2020

28 December 2020 (Last Updated January 2nd, 2021 17:55)

Mining jobs company snapshot: Gold mining companies step up recruitment as gold price surges in 2020
Gold mining companies step up recruitment in 2020. Credit: aymane jdidi from Pixabay.

Snapshot of the global mining jobs market for November indicates two gold miners are in the top three mining companies for recruitment, with South Africa’s gold mining giants Gold Fields and AngloGold Ashanti on a big recruitment push.

Gold Fields opened 711 jobs in November and AngloGold Ashanti 329 confirming 2020 has been a good year for gold with unprecedented demand as currencies and other assets hold more uncertainty for investors with the price of gold in 2020 reaching over $2,000 per ounce at the hight this year in August. Some analysts are predicting gold prices are likely to rise further in 2021.

GlobalData jobs tool shows that Gold Fields recruitment was predominantly in Australia centred heavily around the company’s Gruyere project, which is a joint venture with Gold Road Resources located in the Yilgarn area of Western Australia.  With estimated ore reserves of more than 3.5 million ounces (Moz) of gold to be produced over an initial 13-year mine life, the project is claimed as one of the most significant undeveloped gold deposits in Australia. Gold Field also owns St Ives, Agnew and Granny Smith mines in Australia.

Gold Fields 3Y Share Price Chart

Most of the 700 jobs posted were in extraction technology, but the company was also looking for roles such as geologists as well as IT support roles. AngloGold Ashanti’s recruitment, 329 jobs posted, was more regionally diverse as the company looked for staff in Australia, US, South Africa and Ghana to support its operations offering a mix of extraction and engineering roles.

This year, despite the global pandemic was a good year for AngloGold Ashanti share price as well as Global Fields as both companies saw their share price surge to a three-year high in 2020.

AngloGold Ashanti 3Y Share Price Chart

Another gold mining company was recruiting in November in large numbers with Australian Evolution mining posting 291 jobs to support its mines in Australia.

Brazilian mining company Vale was also stepping up its recruitment in November, with over 400 jobs posted.

Vale shook the price of iron ore in early December as the commodity reached a seven-year high as Vale revised its output forecasts, giving further momentum to the commodity in a already good year.

Vale’s recruitment was focused in Brazil, but some posts were also available in Canada, Europe and the Philippines.

While Vale is best known for its large iron ore mining, the multinational has been tipped to be in talks with Tesla in Q4 over its nickel supply, according to industry sources. In October Morgan Stanley put Vale on the list of companies winning in Electric Vehicles.

Global giant Glencore and US chemicals company Trenox were also recruiting in November with several jobs linked to their mining operations.

Overall, there were just over 7,600 jobs posted in November in mining by 197 companies, which was slightly up from the month prior when 185 mining companies were recruiting for 7,400 jobs in mining.

Regionally, recruitment continues to be centred in Australia and Canada.