The decision taken by global mining giant Anglo American in December to slash capital expenditure by $1.8bn until 2026 in response to a plunge in commodity prices has seen Kumba become the latest company in the stable to announce job cuts as it strives to cut costs.

Kumba on Tuesday said 490 workers might lose their jobs, and contracts with service providers were being reviewed as the iron ore producer sought to cut costs by at least R2.5bn this financial year...

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