Companies turn big profits which is good news for mining jobs in Australia

Mining companies turn big profits which is good news for mining jobs in Australia

mining

Mining jobs in Australia

In response to the resurgence of commodity prices, many mining companies have reported significant profit increases in the first have of the 2017 financial year which is great news for mining jobs in Australia.

Leading the charge is BHP Billiton, who recorded an underlying profit of $AUD4.22 billion for the six months to the end of December 2016, which is a massive improvement on the $US412 million it reported in the same period a year earlier.

Recovering from a $US866 million loss in 2016, Rio Tinto have also posted a full-year profit of $US4.6 billion which is a huge turnaround. The company said their energy and minerals division and iron ore operations were the biggest performers in this period which they believe is due to the surge in commodity prices, particularly coal.

In more good news, iron ore miner Fortescue Metals Group have also reported that net profit for the six months to the end of December 2016 increased to $US1.22 billion ($1.59 billion) and Newcrest Mining recorded a statutory profit of $187 million.

These are just four examples of how the mining industry in Australia is regaining pace in response to the lift in commodity prices. Majority of mining companies working in this sector in Australia have similar exciting results, which is great news for mining jobs in Australia.

What does this mean for mining jobs in Australia?

With commodity prices increasing, mining companies in Australia are all looking to increase their production turnover which will essentially keep lifting their profits. In many cases, to achieve this there will need to be an increase in productivity. That’s why in recent months we have seen a resurgence of mining jobs in Australia, with hundreds and thousands of jobs hitting the market. 

With commodity prices set to keep increasing, and iron ore prices reaching a two and a half year high, there is added security to mining jobs in Australia. So, if you’re looking to return to the industry or want to embark on a new venture, then you should start preparing yourself.

How to search for mining jobs in Australia

Call (07) 5520 2522 and speak to a Mining Career Consultant who can help you with choose the right mining course for entry level mining job roles.

Also – get your free mining jobs guide e-book. It’s full of the best information to help you find jobs in the mines, no matter what level of experience you have.