28
Jan
18:27
Kumba restructures Sishen operation with heavy job losses
In tandem with the announcement of parent company Anglo-American production results (see related article), Kumba Iron Ore Limited says it will be laying off nearly 4000 workers at its Sishen mine in South Africa.
The consultation about workforce reductions follows a decision to restructure Sishen Mine to a lower cost pit configuration, the miner says. This was necessitated by sharply lower iron ore prices and both increased capital costs and increased operating …
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