Sibanye cuts fewer jobs than planned in Marikana restructuring
In September, Sibanye said it planned to cut around 5,270 jobs, or about 6% of its workforce.
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.
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.