Rio Tinto cuts uranium mining jobs
Rio Tinto to cut 265 jobs at Rossing Uranium mine in Namibia, Live Mint Felix Njini, 10 June 14 Rossing Uranium says production to fall to slightly less than 2,000 tonnes in 2014 from 2,409 tonnes in 2013 Windhoek: Rio Tinto Group will cut the workforce at its Rossing uranium site in Namibia by 23% as the world’s second-largest mining company responds to weaker demand for the metal used to fuel nuclear power plants.
Production will fall to slightly less than 2,000 tonnes in 2014 from 2,409 tonnes in 2013, Rossing Uranium Ltd managing director Werner Duvenhage said on a conference call on Monday. It will cut 265 of the 1,168 positions at the mine.
Rossing’s operations are suffering from lower grades and a slump in global demand for nuclear fuel following Japan’s Fukushima reactor disaster in 2011. Namibia is the largest uranium producer after Kazakhstan, Canada and Australia. The cost-reduction measures will save as much as 1 billion Namibian dollars ($94 million), Duvenhage said.
“We have to keep company operating to avoid care and maintenance or complete closure,” he said. Starting next month, Rossing will reduce its operating cycle to five days a week from seven……..http://www.livemint.com/Companies/Tswz1xm3qR3jlQv2FpC0LI/Rio-Tinto-to-cut-265-jobs-at-Rossing-Uranium-mine-in-Namibia.html
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