SYDNEY (Yosefardi) – Straits Resources Limited, copper producer and developer, is now considering alternative options as so far no buyers offering to purchase the operation of Mt Muro.
There was no production during the quarter ended December 2013 as all operations at Mt Muro ceased on 2nd August when the operations were placed on care and maintainance.
Pumping on the pit was stapped to allow it to food, preventing access by illegal miners.
There where no safety or security incidends. Only essential maintainance, security and administration staff remained at work. The remaining employees were stood down on basic salary.
All employees were subsequently notified that their positions were to be made redundant from 1 January 2014. A small number of essential staff have been retained on a short term contract basis.