South Africa Tag

AngloGold Ashanti (JSE:ANG) has cautioned that it may have to cut up to 8,500 workers in South Africa, up to 30% of its workforce. The world’s third largest gold producer revealed it was considering the possibility of a considerable cut to its workforce in a company...

South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...