The company announced that it is contemplating to scale down operations and reduce its overheads amidst worsening market conditions, reported Reuters.
"We don’t intend to provide any detail about specific adjustments, but clearly there may be some impact on jobs in some areas," reported the news agency, citing an emailed statement from the company.
About six coal mines in Queensland’s Bowen Basin, where BHP Billiton has interests in a 50:50 JV with Mitsubishi, are likely to have the impact.
China Iron & Steel Association (CISA) has earlier announced that the country’s steel prices will remain low for a few months owing to an excess supply.
