Canadian mining company, Kirkland Lake Gold, will shut two of its gold mining projects in the Northern Territory, with around 250 workers told they will lose their jobs, as outlined in a letter sent out yesterday to employees.
The two projects, Cosmo mine and the Union Reefs processing plant, both located near Pine Creek south of Darwin, will close by the end of March.
Production at the Cosmo mine has been halted since May, 2017, whilst Kirkland Lake were in the final stages of working through approvals for an underground mine at the Union Reefs processing plant.
Kirkland Lake says its operations in the Northern Territory would be designated “non-core” due to the quality of the company’s other gold projects in Victoria and Canada.