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Newmont cuts 120 jobs at Nevada gold mining operation
Newmont Mining Corp, the world’s No. 2 gold producer, is cutting 120 jobs at its Carlin mining operation in Nevada after deciding to reduce the life span of one mine and suspending part of another due to a wall slide, a spokesman said on Thursday. The Denver, Colorado-based company announced the cuts to its workforce and union on Jan. 7 and is in the process of informing affected employees, Newmont spokesman Omar Jabara said. Newmont said in its third-quarter results announcement in October that it was taking a write-down due to a change to the mine plan of the Emigrant open-pit mine at Carlin that would reduce its ... (full story)