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Friday, 12 December 2008

Mine Watch (Munali)

Albidon Limited has announded that 110 of its 260 workforce have been sacked at its Munali nickel mine in Southern Zambia after prices for the steel making metal slumped. A statement to the Australian Stock Exchange said the exploration office in Cape Town and Lusaka are closed. The Statement said the Perth office is relocating to shared premises and that most exploration projects have been suspended.

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