Salary not top priority for mining jobseekers – Study
Out of 800 people polled, 40% prioritize work-life balance.
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.
An injection of A$5 billion to A$13 billion in workforce capability will be needed over the next decade.
Sibanye-Stillwater said it had entered into talks with stakeholders on restructuring its gold operations following financial losses at the Beatrix 1 and Driefontein 2,6,7,8 shafts during 2018.
“Our actions are designed to sustain and create jobs, grow the economy, and contribute more to the treasury.”
Some of the mining world’s top executives are starting to plan their departures.
Newmont also cut overall production guidance for its North American operations for 2018.
The laying off of nearly 95 employees comes as the Toronto-based company expects to complete its purchase of Randgold Resources on Jan. 1.
"The cost of everything made of steel, has gone through the roof this year."