Anglo-Swiss mining giant Glencore will axe 100 jobs at its Newlands open cut coal mine near the Queensland Bowen Basin in Australia, to reduce costs amidst difficult market conditions.
The company has also announced plans to reduce this year's annual coal production target.
Job cuts will take place by the end of September, however; Glencore said: "The mining complex will continue to support a workforce of more than 650 after the changes are implemented.
"Where vacancies exist, we will explore options for redeployment across out Australian coal operations as well as putting in place support services for affected employees and their families."
Newlands open cut gold mine is part of the NCA project, a joint venture between Xstrata Coal, Itochu Coal Resources and Sumitomo.
The NCA project also includes the Newlands underground longwall operations, the Collinsville open cut mine and the Abbot Point coal terminal.
The entire project has 1,227 employees and has annual production capacity of 11 million tonnes of export steaming coal and coking coal.
The downsizing come weeks after BHP Billiton announced a fresh round of redundancies of 95 jobs at Mount Arthur coal mine in July.
In June last year, Glencore closed two of its three open cut mines in Newlands, affecting around 300 workers.
The company also announced last year that it would close the Newlands Northern underground coal mine following the end of its mine life in 2015. The closure of Newlands underground mine left around 200 workers jobless.
Image: The Newlands coal complex in Northern Queensland, Australia, produces export steaming coal and coking coal. Photo: courtesy of Glencore.