Sibanye to axe over 5,000 jobs in Marikana restructuring
The precious metals miner said that 3,904 were permanent positions, while 1,366 were contractors.
The precious metals miner said that 3,904 were permanent positions, while 1,366 were contractors.
The Canadian Arctic is one of the fastest-warming places, heating up at about three times the global average.
The possible collapse of British Steel comes after Germany's Thyssenkrupp and India's Tata Steel ditched a plan this month to merge their European steel assets to create the EU's second largest steelmaker after ArcelorMittal.
Higher prices for a basket of Lonmin's metals and a weaker South African rand helped the London-listed miner to an annual pre-tax profit in 2018, its first since 2013.
Just after midnight on Friday, the U.S. slapped a 25% tariff on about $200 billion of Chinese goods, up from 10%.
Coal is Australia’s second-largest income generator after iron ore, and many lawmakers welcome efforts to boost an industry that brings in A$60 billion ($42 billion) a year.
Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September.
Out of 800 people polled, 40% prioritize work-life balance.
South32 is the latest mining company to cut jobs after Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs.
The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.
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