Acadian lead-zinc outlook dims; switch to gold mulled
Dec 10, 2008 | 10:33 AM
| Anne Riley
The collapse of base metal prices recently has prompted Acadian Mining Corp., Halifax, Nova Scotia, to scale back lead and zinc mining operations and consider scrapping such mining altogether in favor of less volatile gold.
Acadian will slice staff at its Scotia Mine by 35 percent, reducing its work force to about 70 employees, it said Wednesday. The company had already cut some 30 employees from the operation earlier in the fall, a spokesman confirmed.
Acadian also revised its the site's mining plan and will defer waste stripping until lead and zinc prices recover sharply. Under the new plan, the mine is expected to supply sufficient ore to the mill until the end of the first quarter, at which time the mill's feasibility will be reviewed based on metal prices.....
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