Bloomberg reports that, citing low commodity prices and a drop in equity investment, diversified miner Exxaro Resources may cut as many as 565 jobs from its coal to ferroalloy operations.  

The company has given notice of a so-called Section 189A (i.e. retrenchment) process, as required by labour law before positions can be eliminated.  The jobs are likely to be cut at Exxaro Resources, Exxaro Coal, Exxaro Coal Mpumalanga and Exxaro FerroAlloys.  A company spokesman declined to comment.  Exxaro said in March it would save labour costs of R250m a year after 464 employees took voluntary severance packages at a cost of R408m in 2015.

• A short report is at BDLive
• Read too, Exxaro sells jetliner as it ramps up cost cuts, at Fin24

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