Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
First Uranium (TSE:FIU) said it plans to lay off up to 1,850 employees at its Ezulwini Mine in South Africa.
First Uranium said action was necessary in order to stem ongoing operating losses.
“The extremely unfortunate fatal accidents in the latter half of the calendar year have had a significant impact on employee morale and productivity, and as such the expected improvement in production has not been forthcoming,” said First Uranium President and CEO, Deon van der Mesch.
Mesch said that the company believes the mine will be profitable, and the company is investing resources and time to turn it around.
First Uranium is a gold and uranium company with mines in South Africa.
2 Comments
Dav1942
How many do they have left working now?
Jonas_Barbarossa
There you go. The government and the unions have succeeded in closing down a mine that could have been profitable. The deaths are unfortunate and sad. However, the 150 or so that die in the mines annually fade to insignificance against the 1200 or so that die on the roads EVERY MONTH! and yet the gov is not nearly as militant about these deaths as they are against the ‘wealthy’ miners.
One has to wonder about the agendas at play here…