EQ Resources Moves Mt Carbine Mine to Owner-Operator Model

MT Newswires Live08-16

EQ Resources (ASX:EQR) is moving the Mt Carbine mine in Queensland to an owner-operator model following 14 months of mining activity with a contractor, according to a Friday filing with the Australian bourse.

The miner expects the transition to provide operational cost savings, with key staff retained and new and leased equipment already on site, the filing stated.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment