De Beers likely to cut jobs after covid-19 hit
The diamond mining giant employs 20,000 people across its entire business.
The diamond mining giant employs 20,000 people across its entire business.
Gold is on pace for its biggest weekly loss since the week ending May 1.
President Joko Widodo's sprawling "Job Creation" bill seeks to change about 80 laws affecting many business sectors.
Canada’s mining industry is worth C$47 billion, with C$29.6 billion concentrated in Ontario, Quebec and British Columbia.
Weatherly, weighed by some $140 million in debt, is set to halt operations at its Tschudi mine.
The Australian Resources and Energy Group has published a report predicting that the sector will need 21,000 new workers by 2024.
Germany's biggest power producer will cut about 6,000 jobs, or nearly a third of its current workforce, by 2030.
In September, Sibanye said it planned to cut around 5,270 jobs, or about 6% of its workforce.
The facility was supposed to transition to a custom smelter after the mine closed in 2013.
The job figures may give some comfort to markets after a string of weaker-than-expected data had boosted demand for gold as a haven this week.
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