FIJI’S VATUKOLA GOLD MINES NOT TO CLOSE

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FIJI’S VATUKOULA GOLD MINE NOT TO CLOSE

SUVA, Fiji (December 14, 1997 - Radio Australia)---Fiji’s Emperor Gold Mining Company says it will not close its mine at Vatakoula despite falling gold prices.

Three-hundred-and fifty workers were laid off at the mine recently because of the continuing worldwide drop in gold prices.

Emperor’s General Manager, Charles Barclay, says the sacked workers will be re-employed if and when gold prices improve.

Barclay says Emperor is committed to continued mining at Vatukoula, but says the company must reduce its production costs until the price of gold rises again. He did not rule out the possibility of further lay-offs at the mine.

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