the future..., page-29

Silver mine to slash jobs

Posted 1 hour 54 minutes ago


Administrators say the work force at a cash-strapped silver mine near the Queensland-New South Wales border will be slashed from 80 to 12.

Macmin Silver Limited has been placed in administration, because its Twin Hills project at Texas consumed more working capital than expected.

Chris Munday from the administrators Pitcher Partners says the mine's future is being assessed.