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Kagara lays off 130 employees after posting A$48.9 million loss

Michael Allan McCrae | March 06, 2012 | 11:07 pm Base Metals Australia Europe Copper Lead Nickel Zinc 

Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year. Kagara's stock plummeted 38.71% on the ASX to 19 cents...

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