[miningmx.com] – ACACIA Mining had cut 1,050 people from its workforce, equal to about 27% of total employees, following an organisational revamp, said Reuters citing an announcement from the Tanzanian gold miner.
The largest proportion of the cuts were at its Bulyanhulu mine in Tanzania and will save about $25m per year, the company said.
The move follows the departure of Acacia’s chief operating officer last month, after the miner cut its production forecast and increased cost guidance for the year, said Reuters.
Click here to read the full article
