Rio closing Sydney office, cutting jobs
Rio Tinto has confirmed it will close its Sydney office, and will also be cutting other support roles across the company.
The company says around 20 staff work in its Sydney office, and some of those employees will be relocated to Brisbane or Perth when it closes.
However, Rio says some staff in Sydney and Melbourne will be given redundancies as part of a back-office cost-cutting program which will also see the Melbourne office downsized.
"Like others in the industry, Rio Tinto is facing the challenge of increasing costs," said a spokeswoman.
"We are actively seeking ways to tackle this. This includes a programme of reductions in service and support costs across the organisation, which have been rising sharply in recent times."
The company has not confirmed how many staff will lose their jobs in the shake-up.
Last month, Rio said it would review operations at its Clermont mine in central Queensland but it has yet to announce any job cuts.
BHP Billiton is also looking at ways to reduce costs as commodity prices continue to come off their highs.
"Against a backdrop of increasing costs and falling commodity prices, we continue to focus on reducing our overheads, operating costs and non-essential expenditures to ensure our assets are well positioned on their relative cost curves," Fiona Martin, a BHP spokeswoman, told Reuters.
"This includes reviewing our overhead costs and the sequencing of our major projects."
The Mining Boom is Over
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