CAPITAL MARKETS

Placer Dome looks to shut Kundana mill by year-end

WITH the jury still out on the worth of Placer Dome's AurionGold takeover late last year, the Canadian group is set to close its ageing Kundana mill as part of a cost cutting drive.

Stephen Bell
Placer Dome looks to shut Kundana mill by year-end

Peter Tomsett, Placer Dome's Asia Pacific managing director, said at Diggers & Dealers this week that the mothballing of the mill would happen in the second half of this year. "We don't need it for capacity...

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