14 Mar 2006

Fiji's Emperor Gold plans restructure amid losses

3:20 pm on 14 March 2006

The Emperor Gold Mining Company in Fiji is reviewing its operations to keep as many jobs as possible.

This comes after the Vatukoula mine last week announced continuing losses had made reorganisation necessary.

Company general manager Sean O'Connor said Emperor was looking at ways to return the mine to profitability.

He said a new plan for the mine would be presented to the company's board of directors soon.

A quarterly report for the three months ending on December 31st showed gold production had fallen by 18 percent to 19,658 ounces compared with the September quarter.