CSM cosmo gold limited

laying of workers

Currently unlisted. Proposed listing date: TBA
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    ConsMin is latest miner to cut jobs
    November 4, 2008 - 2:57PM
    Ukrainian-owned Consolidated Minerals has joined a growing list of mining companies that have been forced to sack staff as the global financial crisis deepens.

    ConsMin general manager corporate affairs and investor relations David Brook told AAP that the delisted manganese and nickel miner had laid off a small number of exploration and geology staff in the past week.

    Mr Brook said the staff had worked for the company's Kambalda nickel operations in Western Australia's Goldfields region but exploration continued at its flagship Woodie Woodie manganese mine, south-east of Port Hedland in the mineral-rich Pilbara region.

    He said the move was part of "optimisation and cost containment'' measures.

 
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