Glencore said the production cut would "ensure that our zinc operations are sustainable well into the future", although Goldman Sachs analysts noted: "The decision by Glencore (and others) to shut mines is a reaction to reality, not a reason to get bullish, in our view".
No, you can't say that Kurdistan goes glug glug Digging in the dumps Getting desperate Prudence can win Reprints Related items Diamonds in Africa: Keeping the sparkle at homeMar 19th 2008Earlier this year, for instance, De Beers temporarily shut mines in Botswana and Namibia that it owns in partnership with those states.
Mr. Putin recommended that Rostekhnadzor's powers be expanded to include temporarily shutting mines and dismissing mine officials.
Moreover, the iron ore group African Minerals, led by the controversial Frank Timis, and London Mining – whose Marampa mine featured in the 2006 film Blood Diamond starring Leonardo DiCaprio – have both collapsed amid the commodities plunge, shutting mines in the east and north.
They claimed that since the mines were to be shut down, mine owners should pay the social insurance premiums directly to workers in compensation.
Federal Mine Inspector Who Wanted To Shut Down Mine Told To "Back Off".
In Europe, gold rose to an all time high of $923.55 an ounce, up $15.85 on the day, while platinum soared to $1,697 an ounce, $86 above its late trading price on Thursday, triggered by a power crisis that shut mines in South Africa.
Also, in a union mine, the examiners are union members and can shut the mine down if they believe it is unsafe.
The decision came one week after the labor union at the Ikeshima Mine in the prefecture of Nagasaki accepted the Matsushima Coal Mining Company's proposal to shut its mine.
Also suppose that the firm can shut the mine down (if the price of gold falls sufficiently) and restart the mine (if the price of gold recovers sufficiently).
