Job cuts at Kalgoorlie’s Super Pit

The company which operates the Kalgoorlie-Boulder Super Pit has announced a raft of job cuts at the gold mine, blaming poor market conditions for the move.

Kalgoorlie Consolidated Gold Mine said 14 people at the Kalgoorlie operation have been let go.

KCGM general manager Russel Cole said current economic conditions forced reviews of all aspects of the operation.

“In order to remain cost effective and minimise the impacts to out staff and local community, cost reviews have been taking place since late 2012,” Cole said.

“With the gold price continuing to decline we have been forced to review our organisational structure. Removing roles is a difficult decision and all affected employees have been offered support to find alternate work.”

Earlier this year KCGM flagged cost reviews in order to keep the  mine viable.

The company have also implemented a recruitment freeze, roles remaining unfilled and a review of all commercial agreements.

KCGM employs more than 1,000 people.

Gold has slipped around 20 per cent this year, forcing extensive layoffs across the gold mining sector.

Barrick Gold have cut around 200 jobs from their worldwide operations and Alacer Gold has announced its intent to sell of its Australian assets.

Meanwhile, Tanami gold have put their Kimberley-based Coyote mine into care and maintenance and Focus Minerals has announced plans to halt operations at its Laverton Gold project as rising costs were making the project unprofitable.

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