Five years after boom, battle rages over mining wages in Australia
Economists worry widespread cuts to worker incomes will weigh on consumer spending and economic growth
Thu, Nov 24, 2016 - 5:50 AM
Coal prices have surged this year but projects run by Lanco and Yanzhou's local arm, also in Collie, operate on longer-term contracts and have yet to see higher prices feed through.
COAL prices may be recovering, but there are no celebrations in the mining town of Collie, Western Australia, where workers are fighting Indian conglomerate Lanco Infratech over plans to slash their wages almost in half.
The move to cut pay at Lanco's Griffin Coal mine comes...