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276 jobs on line at Rio’s Rossing

March 4 2013 at 08:00am
By Reuters

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Rio Tinto planned to restructure its Rossing uranium mine in Namibia and might cut up to 276 jobs as it sought to turn around the loss-making operation, the company said on Friday.

 The mining house said the cuts at Rossing, which has been battling with low demand, a weak uranium price and high costs, would affect roles across the organisation, including management and supervisors, but most would be in operations and maintenance.

“The flat outlook for price and increasing input prices (electricity and water in particular) now means that the company must reluctantly look to further reduce costs by reducing the number of roles in the company,” the resource company said. – Reuters


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