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TimesLIVE reports that Exxaro Resources has announced a review of its loss-making Leeuwpan opencast mine in Mpumalanga. According to CEO Ben Magara, the mine continues to run at a loss despite efforts to turn it around.
He said the group began formal section 189 retrenchment consultations with employees and representatives at the operation on Monday. “We expect to get all the employees and their representatives to share their suggestions on the way forward because the loss making at Leeuwpan is not sustainable,” he indicated. The process will likely take up to 90 days. “We have started this process this morning (Monday). It is too early to say what will come out of it, but we will share details as they emerge. The most important thing is to minimise any job losses while ensuring a viable business, that is why we are here,” Magara added.
- Read the full original of the report in the above regard by Dineo Faku at TimesLIVE
- Read too, Exxaro calls time on unsustainable Leeuwpan Colliery, at Miningmx
Get other news reports at the SA Labour News home page