An equal opportunity employer will close one operation while searching for new owners.
CBH Resources recently confirmed it would sell its Rasp mine.
Japan-headquartered parent company Toho Zinc reached the “difficult” decision after reviewing its business plan and failing to invest in further development for sustained production. If no suitable buyers are found up to 200 workers could be axed.
Broken Hill Operations (BHO) will oversee a staged closure and rehabilitation process between the rest of 2023 and into 2024. Affected team members will first be offered voluntary redundancy then support services.
“[Unfortunately] there will be a workforce reduction this year with further reductions as BHO move to a staged closure,” a spokesperson said in a public statement.
“During this transition period CBH is actively seeking a new owner for the Rasp mine who can execute the potential development of the remanent Northern Main Lode and Centenary deposits.”
The employer hopes the strategy will keep the mine “safe, reliable and sustainable”.