Mining Weekly reported that Australia’s Consolidated Minerals is closing its Woodie Woodie manganese mine due to weak prices for the metal. Manganese ore prices are currently at a record low.
As quoted in the publication:
The company said that the decision to transition the Woodie Woodie mine to care and maintenance would mean that the nearly 330 direct employees and 50 contractors would be made redundant.
A skeleton staff would be maintained for a short period beyond the February 2 cessation of operations, to complete a number of activities necessary to transition the project to care and maintenance.
Click here for the full article.
 |
There Is No Guide to Critical Metals Investing That is More Concise, Clear and Authoritative.
Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News. |
The post Consolidated Minerals Closes Woodie Woodie Due to Weak Manganese Prices appeared first on Investing News Network.
