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Congo State miner plans to cut workforce, will invest $717m

Democratic Republic of Congo state miner Gecamines plans to cut its 12 000 person workforce by more than 2 000 in the coming months, its chairperson said on Wednesday in a speech at a mining conference in Lubumbashi. Albert Yuma made the announcement as he was presenting a modernization plan for Gecamines for 2016-2020 that will see the company invest $717-million on operations.