By Madelene Pearson
Jan. 7 (Bloomberg) -- Aditya Birla Minerals Ltd., the Australian copper mining unit of India’s Hindalco Industries Ltd., will halt underground mining at its Mt. Gordon operation after a “significant” fall in the metal’s price.
The company will also suspend crushing and stacking at its Nifty Oxide operations, Perth-based Aditya said today in a statement to the Australian stock exchange. That will help save about A$4 million ($2.9 million) to A$5 million a month, it said.
Aditya has also hired an external consultant as it reviews all costs, the company said.
To contact the reporter on this story: Madelene Pearson in Melbourne on mpearson1@bloomberg.net
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