Swiss mining giant Xstrata has announced it is cutting almost 150 jobs at its Handlebar Hill zinc operation in Mount Isa, Queensland as a result of the global economic crisis.
In a written statement, Xstrata has announced it is cutting 89 contractors and 60 employees as a result of restructuring but the company says production at two of its other mines in the region will increase to help compensate for the loss of production.
Handlebar Hill will close on 12 February.
Kevin Hendry from Xstrata says the global economic conditions are extremely challenging and tough decisions need to be made.
Xstrata says it hopes to resume production once market conditions improve.
Source: ABC News, Australia
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