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Provider: Reuters Investment Profile
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Independence Group NL Cuts Jobs And Halts Exploration-AAP

Thursday, 4 Jul 2013 09:28pm EDT 

Australian Associated Press reported that Independence Group NL will cut jobs and halt exploration at its Stockman project in Victoria due to tough economic conditions. The Perth-based miner said it will cease exploration for copper and zinc at Stockman the forseeable future and curtail its enhanced feasibility study activities. Independence said a small number of personnel would be made redundant. The company said it remains committed to the Stockman project as it seeks project approval with the Victorian government. 

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