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Sundance Resources implements cost and employee reduction measures

ASX-listed iron ore junior Sundance Resources has announced that it had made the decision to immediately implement a number of additional and significant cost reduction measures. This is due to the delay in the signing...

Lonmin makes headway with action plan to reduce cost base

On Thursday platinum major Lonmin provided an update on the action it has already taken to deliver its programme of shaft closures and workforce reduction announced on 24 July. This includes reducing its employee...

Lonmin looks to cut workforce by 3 500 to reduce labour costs

Lonmin, one of South Africa's major PGM producers, is in consultations with unions and employees over efforts to reduce costs aimed at protecting the company and its employees against persistent low PGM prices. The company...

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