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Xstrata closes nickel mine in Australia

Cecilia Jamasmie | September 26, 2012 | 2:13 pm Base Metals Energy Australia Europe Coal Nickel 

Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically. About 150 employees, both permanent employees and contractors, will lose their jobs as the miner starts a care-and-maintenance...

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