Guess what? Another probe

15 May 2015 - 02:18 By Reuters

Mines Minister Ngoako Ramatlhodi said yesterday he was alarmed at the rate of retrenchments in the mining sector and would establish a committee to look into the job losses. Mining industry profits in South Africa are under pressure from softer metal prices, strikes and rising costs.Platinum producer Lonmin said last week it would cut 3500 jobs at local mines."As stakeholders we understand well the impact of job losses on the economy," Ramatlhodi said in Pretoria. ..

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