Aquila falls after cutting workers at coal mine

Aquila Resources has dropped after news articles emerged that it was cutting its workforce at its Eagle Downs project in response to the current commodity price environment.

Aquila Resources has dropped after news articles emerged that it was cutting its workforce at its Eagle Downs project because of falling commodity prices.

The stock is down 5.8% to $1.79 at 1100 AEST, with Aquila confirming the news in an announcement to the Australian Stock Exchange.

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