Gold, Metals Extend Losses as Economic Outlook Cuts Demand
Businessweek reports that Gold fell to the lowest price in almost three weeks on speculation that an economic recovery will curb demand for the metal as a haven.
Articles Tagged "jobs"
Merit Mining reduces jobs in scaleback at Greenwood gold mine
Junior miner Merit Mining Corp. is reducing 45 workers as it scales back operations at its Greenwood gold mine in British Columbia due to the steep fall in commodity prices. For full story, click here For company’s website, click here
Newcrest to cut jobs at its Telfer mine
Newcrest Mining plans to cut 400 jobs from its huge Telfer gold mine in Western Australia by the end of 2008 in an effort to cut costs. Newcrest, chief executive Ian Smith, said A reduction in numbers of about 400 people on site will be done by December, For full story, click here For company’s website, [...]
