QMAG cuts personnel to save costs at Australian magnesite mine
Published: Monday, 13 October 2014
The Australian producer, a subsidiary of Belgian mining giant Sibelco, said that the cut of 16 workers was necessary in order to lower costs and regain competitiveness of its magnesia business in international markets.
Australian magnesite and magnesia
producer, Queensland Magnesia
(QMAG) has cut 16 workers at its magnesia business unit in
The company said that the move will allow it to remain
globally competitive in its magnesia business.
Belgium-based Sibelco, QMAG’s parent company,
explained that it has focused...