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OceanaGold scales back Reefton

OCEANAGOLD Corporation says the metal’s weak price has destroyed much of the profitability of its Reefton operation in New Zealand, forcing the company to cut the mine life by two years.

Lauren Barrett
OceanaGold scales back Reefton

Mining at Reefton restarted in 2006 and has since generated about $NZ45 million ($A37.8 million) of direct and indirect benefits for the country’s West Coast region. But Reefton’s life will be cut...

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