Coolgardie jobs to go

Another 65 jobs are set to be lost from the gold mining industry, this time in the historic town of Coolgardie in Western Australia.

By InvestSMART · 18 Jul 2013

By InvestSMART ·
18 Jul 2013

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Another 65 jobs are set to be lost from the gold mining industry, this time in the historic town of Coolgardie in Western Australia. Focus Minerals announced it would suspend its Coolgardie operations at the end of July, because they were too marginal at current gold prices, which have below $US1300 an ounce for the past four weeks.

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Frequently Asked Questions about this Article…

What happened in Coolgardie, Western Australia, according to the article?

The article reports that Focus Minerals will suspend its Coolgardie operations at the end of July, resulting in 65 jobs being lost in the historic gold-mining town of Coolgardie.

Which company announced the suspension of Coolgardie operations?

Focus Minerals announced it would suspend its Coolgardie operations.

How many jobs are expected to be lost from the Coolgardie gold mine suspension?

The article states that 65 jobs are set to be lost as a result of the suspension.

When will Focus Minerals suspend operations at Coolgardie?

Focus Minerals said it would suspend its Coolgardie operations at the end of July.

Why did Focus Minerals decide to suspend its Coolgardie operations?

The company said the Coolgardie operations were too marginal at current gold prices, which influenced the decision to suspend work.

What gold price level is mentioned as a factor in the suspension?

The article notes that gold prices have been below US$1,300 an ounce for the past four weeks, and that low level was cited as a factor in the suspension.

How long have gold prices been below the US$1,300 an ounce level mentioned in the article?

According to the article, gold prices have been below US$1,300 an ounce for the past four weeks.

Is the Coolgardie job loss presented as part of a broader trend in the gold mining industry?

Yes — the article frames this as 'another 65 jobs' set to be lost from the gold mining industry, indicating it is one more instance of job losses within the sector.