* Stops capex at Berong mine, cuts 600 jobs
* Cuts manning numbers at Ipilan project, head office
* Shares down 7 pct
April 14 Philippines-focused nickel miner
Toledo Mining Corp Plc TMC.L said on Tuesday it stopped all
capital expenditure beyond necessary maintenance during the
quarter ended March 31 and cut more than 600 jobs at its Berong
The company also said it "drastically" reduced its manning
numbers at Ipilan nickel project and head office, while
lowering spending to cover only regulatory or mandated levels.
Toledo Mining said the Chinese market for laterite ore
declined further during the quarter and is expected to remain
depressed well into 2009.
Shares of the company were down 7 percent at 38 pence at
0720 GMT on the London Stock Exchange.
(Reporting by Ramkumar in Bangalore; Editing by Tresa Sherin)