Close to 500 breadwinners will lose their jobs, and more than $50 million a year will be sucked out of the Greymouth economy, as Spring Creek Mine is moved into care and maintenance.

Miners were emotional after a meeting with the Minister of State Owned Enterprises, saying he had made up his mind over their proposal before the meeting began.

A strong magnitude 5.3 earthquake has rocked much of the West Coast and Otago this morning.