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Cost cutting in Gove bauxite Mine affecting Nhulunbuy economy
Edited by : AL CIRCLE
1 min read
The president of the East Arnhem Chamber of Commerce says the town of Nhulunbuy in the Northern Territory is feeling the effects of a cost-cutting exercise by the nearby bauxite mine and refinery.
Pacific Aluminium has begun a natural attrition process, due to tough business conditions caused by poor aluminium prices and the high Australian dollar.
Chamber chairman Tim Bunton says local businesses have been less busy, but he hopes the mine will be more sustainable in the long term.
"I'd imagine it would be in the high 80s or 90s, the number of staff that's been lost around town, so that obviously has to have an effect on the local community."
Pacific Aluminium has begun a natural attrition process, due to tough business conditions caused by poor aluminium prices and the high Australian dollar.
Chamber chairman Tim Bunton says local businesses have been less busy, but he hopes the mine will be more sustainable in the long term.
"I'd imagine it would be in the high 80s or 90s, the number of staff that's been lost around town, so that obviously has to have an effect on the local community."
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