Category : Mining
The world's largest gold producer is starting to see its production decline.
After Lonmin, it is Sibanye's turn to announce massive cuts in its workforce. 2000 jobs are concerned.
Platinum miner Lonmin plans to cut over 1,000 jobs before Christmas in South Africa, due to persistently low commodity prices and rising costs.
In an interview with Pierre Lassonde, a figure from the mining industry, explains why production is falling and why price pressure will continue.
While several of the group's mines were threatened with closure, the company decided to keep them following a more effective restructuring plan than expected.