Xstrata Shuts Down Cosmos Nickel Mine in Australia; Sinclair Remains Open

By International Business Times,  September 26, 2012, 10:15:56 PM EDT

Australia's dwindling mining activity has again tempered jobs, this time numbering 150, after mining giant Xstrata PLC announced the impending closure of its Cosmos nickel mine in Western Australia on falling prices of the commodity.

The 150 jobs, a combination of both permanent employees and contractors, will have to go as the company begins a care-and-maintenance schedule at the mine, Xstrata said in a statement Wednesday. 

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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