AngloGold retrenches 8 500 workers at struggling mines

June 28, 2017

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Africa’s biggest gold miner AngloGold Ashanti is retrenching 8 500 mine workers as part of its restructuring its South African business “to ensure their viability”, sending its shares lower. The company which employs 28 000 people, said the retrenchment is part of restructuring of the company’s production and cost base in its South African business.

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