Alrosa plans production cuts and staff reduction for 2025
The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.
The US$89 million shares-and-cash acquisition of Estonia’s AS Silmet by Colorado’s Molycorp means both rare earth companies “will be able to take advantage of the very robust price situation in the market right now,” Molycorp CEO Mark Smith said during a conference call with analysts Monday.
