Samancor joins a growing list of SA’s mining companies retrenching
The world's second-largest ferrochrome producer could shed nearly 2,500 jobs. Weak chrome prices and Eskom blamed
Samancor Chrome, one of the world’s largest sources of the stainless steel ingredient, warned its unions on Monday that it could cut up to 2,488 jobs because of a global downturn in the chrome price and a rise in Eskom’s electricity prices.
State-owned electricity monopoly Eskom is a common theme running through recently announced job cuts at the Glencore and Merafe Resources joint venture smelter in Rustenburg...