Independence Group NL
(ASX:IGO) has cut 28 jobs at its Long nickel mine in Kambalda as part of a number of changes to improve business conditions.
Independence Group claims that the changes at its Western Australia site have been made in response to the current weakness in nickel prices and to ensure that the mine remains profitable and sustainable.
Nickel prices have fallen more than 30 percent since the start of the year.
The metals and mining company also announced reduced spending targets and softer planned production figures.
Independence has now lowered its nickel output target to between 8500 and 9000 tonnes for the 2016 financial year, down from between 9000 and 10,000 tonnes.
Independence Group NL recorded net profit of $77 million for the financial year ended 30 June 2015
