New deal aims to stem mine job cuts

27 August 2015 - 11:27 By RDM News Wire

Crisis talks in the mining sector have yielded a commitment on new measures to save jobs and help make the industry more sustainable in the long term‚ according to a report. Business Day reports that chief among the steps agreed between the government‚ mining companies and trade unions were that SA would promote platinum as a reserve metal like gold; that mines sell off distressed assets instead of closing them down; rehabilitation of mines to keep people employed; and the streamlining of laws relating to labour.The sector has been hit by rising production costs‚ work stoppages‚ sinking commodity prices and labour unrest‚ which have resulted in retrenchments and closures.Power outages have dragged down production...

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