VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/28/13 -- Belvedere Resources Limited (TSX VENTURE: BEL) ("The Company") announces further cost cutting initiatives at the Hitura nickel mine as a response to continued permitting delays to the open pit cutback, in a difficult operational environment of low nickel prices, a stronger euro, and lower grades and recoveries at the mine.
Cost cutting initiatives include
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