Jobs to go as Unity to close Henty Gold Mine
Operator to keep prospecting, may re-evaluate mine's future.
Operator to keep prospecting, may re-evaluate mine's future.
Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.
Government is touting the Four Mile mine as “the most significant deposit found anywhere in the world in the last 25 years."
The country's mining industry has lost 6,600 workers in the three months to May.
Amid the miner's efforts to reduce costs at its gigantic copper and gold operation in Mongolia.
A larger than expected jump in job creation in the US sent global markets higher on Friday, but gold went the opposite way.
Weak commodity prices hurt Teck's three core business units —coal, copper and zinc— but coal was particularly hard hit due to increased supply from Australia, the company said.
While Walter Energy shuts down two coal mines, leaving hundreds unemployed, HD Mining International plans to bring up to 480 Chinese workers to British Columbia.
About 36 contractor and head office positions on the line.