The Global Resource For Connecting Buyers and Sellers

Grange warns of job losses at Tasmania mine

Iron-ore pellet producer Grange Resources on Wednesday warned of redundancies at its Savage River mine, in Tasmania, citing the continued weakness in the iron-ore price among other factors.

Grange told shareholders that despite refurbishing the mills at Savage River during 2015, the company had achieved record pellet production. In addition, significant cost reductions were realised throughout the year.