{"id":713563,"date":"2018-05-23T13:10:21","date_gmt":"2018-05-23T13:10:21","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=713563"},"modified":"2018-05-23T13:10:21","modified_gmt":"2018-05-23T13:10:21","slug":"anglogold-ashanti-to-axe-2000-jobs-as-it-shrinks-footprint-in-south-africa-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=713563","title":{"rendered":"AngloGold Ashanti to axe 2,000 jobs as it shrinks footprint in South Africa"},"content":{"rendered":"

By Cecilia Jamasmie<\/a><\/span> <\/p>\n

South Africa’s AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world’s third-biggest producer of the precious metal, is cutting as many as 2,000 jobs at its domestic operations as part a restructuring aimed at reducing losses.<\/p>\n

The company, which is down to the Mponeng underground gold mine and a tailings treatment operation in its home country, said the measure would affect employees across the different categories and levels, including the region’s executive committee and senior management.<\/p>\n

After suffering heavy losses in South Africa, the Johannesburg-based miner said last year it would restructure its South African mines<\/a>, which could lead to 8,500 workers, or around 30% of its workforce, being laid off.<\/p>\n

Some of those job cuts were averted through the sale of its Moab Khotsong mine, as well as the Kopanang Mine and the West Gold Plant<\/a>, both of which were bought for fellow miner Harmony Gold.<\/p>\n

The Association of Mineworkers and Construction Union (AMCU) said in the notice given by AngloGold, the miner cited<\/a> \u201cuncontrollable factors\u201d such as ore body depletion, increasing depths to mine, lower- grades, declining production, mounting electricity and labour costs and increased cost of borrowing capital as the reasons for the retrenchments.<\/p>\n

More to come\u2026<\/em><\/p>\n

The post AngloGold Ashanti to axe 2,000 jobs as it shrinks footprint in South Africa<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Cecilia Jamasmie South Africa’s AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world’s third-biggest producer of the precious metal, is cutting as many as 2,000 jobs at its domestic operations as part a restructuring aimed at reducing losses. The company, which is down to the Mponeng underground gold mine and a tailings treatment operation in its home […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/713563"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=713563"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/713563\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=713563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=713563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=713563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}